China’s Economy Falters, Tech Giants Lay Off Massively; Internet Sector’s Decline Seems Unstoppable
Recently, the news of massive layoffs by the Chinese internet technology company NetEase has attracted public attention. According to Chinese media reports, NetEase began large-scale layoffs in …
74% of China’s Rich Emigrate, a World Record, Outpacing War-Torn Russia and the Middle East
A recent report from China Merchants Bank and Bain & Company found that among 20,000 wealthy Chinese individuals with investable assets over 100 million yuan, 27% …
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