If mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone […]
This is what happens when people come back from vacation in China and try to get into Beijing. And you thought your puny traffic jams were crazy.
Chinese academics recently delivered a stark warning to the country’s leaders: China is facing its most precipitous decline in population in decades, setting the stage for potential demographic, economic and even political crises in the […]
Perrotta’s company, Tortuga, is joining what industry experts say is the biggest shift in cross-border supply chains since China joined the World Trade Organisation in 2001. The shift is creating stiff competition to secure new […]
But there are some unofficial estimates. Like one from the Institute of International Finance (IIF) last week, which place China’s debt to GDP at 300%! https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#57963344c4d0
Forty years ago, 18 residents from poverty-stricken Xiaogang village risked their lives to secretly sign a contract to divide the communally owned farmland into family plots, forever transforming China’s rural economy. However, mainly relying on […]
After years of lightning growth, China’s giant tech industry is beginning to struggle. Restrictions from the government, coupled with a trade war with the United States, has put many firms under pressure. Samantha Vadas reports.
Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, […]
Hong Kong (CNN Business)Europe gave the world some of its top automakers, but it’s losing out to China in the race to define the industry’s future. https://www.cnn.com/2018/10/30/business/europe-lithium-electric-batteries/index.html