Macro
China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist
China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade to resolve, says Hao Hong,...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
Hong Kong Chief Executive urges NPC deputies to boost city’s integration into China’s development
Hong Kong Chief Executive John Lee Ka-chiu is placing high hopes on the city's 36 deputies sitting in the National People's Congress (NPC), the...
China’s GDP reaches $17.44 trillion, making it the world’s second-largest economy
China's economy remains strong despite facing pressures and challenges from a gloomy global outlook, slowing external demand, and a weak property sector. According to...
Macao businesses set to receive boost from new measures in Guangdong-Macao In-Depth Cooperation Zone
The Guangdong-Macao In-Depth Cooperation Zone in Hengqin has issued new measures to support the development of Macao-invested companies in the zone. The updated measures...
Tibet autonomous region implements new regulation to boost small and medium-size enterprises
According to the Department of Economy and Information Technology of the Tibet autonomous region, the region will implement a new regulation on promoting the...
China’s Canton Fair Returns With Expansion, Featuring Industrial Automation and Intelligent Manufacturing
After three years of the COVID-19 pandemic, the China Import and Export Fair, widely known as the Canton Fair, is set to resume physical...
Walmart China’s Fourth Quarter Growth Sparks Recovery of Consumer Goods and Retail Sectors
Industry insiders have pointed to Walmart China's strong fourth-quarter growth as a sign of a steady recovery for the fast-moving consumer goods and retail...
Shandong Port Group Accelerates Efforts to Build World-Class Port Through Digitalization and Innovation
Shandong Port Group, the world's largest port conglomerate by cargo capacity, is doubling down on its efforts to build a world-class port, as its...
Guangdong Encourages Overseas Chinese to Participate in Province’s High-Quality Development Efforts
Authorities in Guangdong are calling on overseas Chinese to participate in the province's efforts to achieve high-quality development. According to Huang Kunming, the Party...
China’s Economic Recovery Driven by Consumption and Real Estate
Indicators such as passenger and tourist volumes have seen improvement, although manufacturing sector activity remains sluggish due to tepid demand and export weakness. China's...
China’s Economic Recovery Expected to Slowly Rebound in 2023, Says Expert
China's economy is expected to rebound in 2023, with two key factors underpinning the country's economic recovery. Firstly, the optimization of COVID-19 management measures...
Foreign Companies See China as Crucial Locomotive for Global Economic Growth in 2023, AmCham South China Survey Shows
According to a recent survey, China remains an attractive destination for foreign investors, with over 90 percent of companies selecting it as one of...
China’s Asset Management Industry Continues to Grow, Assets Under Management Surpass $3.95 Trillion
According to the Asset Management Association of China, the assets under the management of China's public offering funds have reached a remarkable 27.25 trillion...
China’s Securities Watchdog and Related Departments Revise Rules on Overseas Listings for Domestic Companies
China's top securities regulator, the China Securities Regulatory Commission (CSRC), has revised the regulation on secret protection and archive management in the overseas listing...
China’s Sharing Economy Grows Despite Headwinds, Reaching $555.54 Billion in 2022
According to a recent report by the State Information Center, China's sharing economy has maintained steady growth, reaching approximately 3.83 trillion yuan ($555.54 billion)...
