Can't Afford, Many Close!Takeout Restaurant Daily Revenue Only $36; Starbucks China Loses 2M Patrons
Earning money this year seems to be a challenge. A few startling data points indicate this: riding hailing app Didi's user base plummeted from 45 million …
3 months, 1 week ago
Fri 16th August 2024
[UTC + 07:00]
Is Milei’s Radical Plan to Save Argentina Working?
After eight months in office, Argentine President Javier Milei has slashed spending on social security, public wages and consumer subsidies. His austerity measures have won praise from former US President Donald Trump and …
7 months, 2 weeks ago
Wed 3rd April 2024
[UTC + 07:00]
Rusty Steel Piles Up, Numerous Steel Companies Fold, Real Estate-Driven Economy Becomes a Mirage
In recent years, China's real estate market has been in a slump, with housing prices continuously declining. Against this backdrop, real estate investment remains low, leading to …
5 months, 1 week ago
Sat 15th June 2024
[UTC + 07:00]
China’s Local Governments Go Mad! Frantically Seizing Cash, 90% of Income From Fines
For example, the "land confiscation" incident in Kailu County, Inner Mongolia, caused quite a stir. Around April 2024, several farmers reported that town and village officials prevented them …
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