Microsoft closes its China stores! "Lonely Planet" stops selling the Chinese travel guide.
Recently, several foreign companies have withdrawn from the Chinese market due to the deterioration of the business environment. U.S. technology giant Microsoft will close all offline authorized stores in China as …
4 months, 2 weeks ago
Thu 9th May 2024
[UTC + 07:00]
$8 Trillion Bad Debts Topple China’s Big Four Banks, Banking Collapse Looming?
As of the end of October 2023, the total loans on the books of national financial institutions stood at 235 trillion yuan, with bonds purchased totaling 64 trillion yuan, amounting to 300 …
2 months, 4 weeks ago
Fri 28th June 2024
[UTC + 07:00]
Something Scarier Than Housing Crashes Is Already Happening in China
House prices in Shenzhen continue to fall. Many houses are not only cheap but also conveniently located and beautifully renovated, yet still, no one is buying them. Even homes in school districts, highly favored …