economy Archives - Page 2 of 2

Chinese Stock Markets Drop 9% Amid Coronavirus Outbreak

Mainland Chinese stock markets took a nosedive on the first trading day since January 23rd, after the extended Lunar New Year holiday.

Here Are China’s Fastest Growing Cities

While China’s tier-one and tier-two cities keep rapidly expanding, making us marvel at the speed and quality of their development, the really astounding action is happening elsewhere.

Indian Hotel Operator OYO Faces Hurdles in China

In June 2019, OYO China, the subsidiary of the rapidly growing Indian operator of leased and franchised hotels, announced the launch of its 2.0 strategy.

Chinese Vaccine Maker Changchun Changsheng Life Sciences Declares Bankruptcy

With no possibility of reorganization and reconciliation, Chinese vaccine maker, Changsheng Bio-technology has declared bankruptcy.

IDC Forecasts Chinese Spending Spree on Blockchain

IDC released a report on November 4 on China’s blockchain spending, forecasting that China’s spending on blockchain technology will reach $2 billion by 2023, which represents a CAGR of 65.7%.

Chinese Blockchain Stocks Soar Following Government Push

The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology.

Huawei HiSilicon to Sell 4G Communication Chip Balong 711

Recently, Huawei's chip company HiSilicon (Shanghai) Technology Co., Ltd. announced it will sell its 4G communication IoT chip - the Huawei Hisilicon LTE Cat4 platform Balong 711 for the first time.

Macau Stock Exchange Plan Reported to China’s Central Government as City Tries to Diversify From Gambling

During the 8th Lingnan Forum held in Guangzhou on October 12, He Xiaojun announced that the Macau Stock Exchange plan has been reported to the central government.

What You Need to Know About China’s Soaring Household Debt

China’s household debt to income ratio rose threefold from 30% in 2008 to 92% in 2019. Here is what it could mean for China’s economy.

Hong Kong Stock Exchange Aims to Merge With London

The Hong Kong Stock Exchange has made a bold proposal to acquire the London Stock Exchange in a deal worth $36.6 billion.

How Science and Technology Industrial Parks Invigorated Western China’s Economy

During the past two decades China has undergone an economic miracle with rising living standards permeating all levels of society.

Lion King’s History in China Chronicles a Saga of Economic Growth

The live-action 3D remake of the Disney staple, just like its precursors, is a harbinger of change, epitomizing China’s current standing in the world.

China’s Technotopia Project- Xiongan

The world’s greatest cities have always been pinnacles of humanity’s progress and achievement.

The National Development & Reform Commission Makes a Statement about Rare Earths

As the trade conflict between China and the United States escalates, there are signals that China might restrict the export of rare earth minerals to the U.S.

Steve Bannon: Shutting Out Huawei Is 10 Times More Important Than the Trade Deal

Trade tension between the U.S. and China exacerbates as Steve Bannon, former White House chief strategist, says driving out Huawei is more important than the trade deal.

Valuation of $2.2 Billion — Can Luckin Coffee Eclipse Starbucks in China?

The answer is NO. If you go to a Starbucks in the U.S., chances are you would bump into clusters of coffee consumers leisurely chatting to one another while waiting for their daily dose of caffeine. But if you are at a Luckin Coffee, you might only see the apparition of these faces in the […]