Experts say that new technology often displaces jobs when it enters the market, but it can also create new jobs.
Monthly Archives For August 2024
Harnessing the Power of the Stars: China’s Revolutionary ‘Artificial Sun’
China’s ambitious pursuit of nuclear fusion energy has reached significant milestones, putting the country at the forefront of this groundbreaking scientific endeavor. The ingenious advancement of the …
China state banks buying dollars amid rapid yuan gains, sources say
Major state-owned banks were buying dollars in China’s onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.
China’s home price outlook for 2024, 2025 worsens
China’s home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle to help the property sector find a bottom.
Evolving housing needs unlock fresh prospects for China’s property revival
In its latest move to address the challenge, China is piloting a housing pension system in 22 cities including Shanghai, which aims to better facilitate existing housing upgrade and enhance people’s …
Inside China’s Fragmented Beauty Market
Global beauty players face challenges such as an increasingly fragmented online retail environment, Douyin’s drag on pricing power and agile local alternatives.
China considers allowing refinancing on $7 trillion in mortgages, sources say
BEIJING – China is considering allowing homeowners to refinance as much as US$5.4 trillion (S$7 trillion) in mortgages to lower borrowing costs for millions of families and boost consumption.
Exclusive: Russia payment hurdles with China partners intensified in August, sources say
Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian sources with direct …
Cheap ‘dupes’ promise Chinese shoppers the quality of brands like Lululemon and Hermes—without the logos
are appearing in closets across China for a fraction of the price. Known in Chinese as “pingti” and Gen Z shopping parlance as “dupes,” their popularity reflects a backlash against brands among …
Republicans Pounding China More Than Democrats In US Election Rhetoric
( MENAFN – Asia Times) Speaking at the Republican National convention in July 2024, Donald trump invoked China 14 times. In a 92-minute address, the former president recycled his widely criticized …
China’s Economic Funk Delivers Gut Punch to Consumer Firms
Sometimes the news can be a gut punch. This week I was bummed to learn that the Taiwanese dumpling chain Din Tai Fung would close a bunch of stores in China, where restaurants are fighting…
China is beating the world at scientific research, think tank finds
Could monopolise 24 key techs if current trends continue Think Tank the Australian Strategic Policy Institute (ASPI) has released an update to its Critical Technology Tracker, revealing that China …
‘Parallel tracks’ seen in US trade policy on China
“There exist two parallel tracks when you think of the US and China. The political track is filled with all kinds of negativity from the US,” he said. “Whether it be tariffs, other forms of…
