Second-hand luxury goods boom due to China’s economic downturn

Economy 09/30/22, 12:46

According to a Reuters report, the market for used luxury products is flourishing, thanks to the country’s unwelcoming economic weakness. Such is the story of the Chinese second-hand luxury goods marketplace ZZER, which started as an online platform in 2016. It opened brick-and-mortar locations in Shanghai and Chengdu last year and ...

Two prominent bipartisan figures voice support for Taiwan on Sep. 28

Insights 09/30/22, 12:44

Reuters reported that U.S. Vice President Kamala Harris visited Japan’s Yokosuka Naval Base on Wednesday, September 28, and delivered a speech mentioning China and Taiwan. Harris condemned the Chinese regime’s disturbing behaviors in the Pacific region during the speech. She promised that the U.S. would deepen “unofficial ties” with Taiwan and ...

Xi Jinping reappears in state media

Insights 09/30/22, 12:38

Chinese leader Xi Jinping on Tuesday, September 27, made his first reappearance on state media after returning from an overseas trip to Central Asia. State broadcaster CCTV featured the Chinese leader walking down the Beijing Exhibition Hall with Premier Li Keqiang and other top leaders. The exhibition's theme was “Forging Ahead ...

Flight cancellations across China suspected of being politically motivated

Insights 09/29/22, 18:35

As reported, airports across China have widely canceled domestic flights recently, prompting questions and speculation about events in China. The 20th National Congress of the Communist Party of China is approaching, and large-scale flight cancellations have been a part of China's previous significant incidents. Analysts said it brought the international ...

What worries the CCP more than recent coup rumors

China 09/29/22, 15:11

Rumors that Xi Jinping was under house arrest appeared in major U.S. and European media sites, which really caused the Chinese Communist Party to lose face. The public reaction behind this rumor is what worries the CCP more. RFA said that a director of a Chinese media agency, who asked to ...

Chinese Communist Party turns Hong Kong into a prison

Trending 09/29/22, 13:57

According to UN human rights experts, there is concern in the international community about the misuse of terrorism and sedition charges to stifle the exercise of fundamental rights in Hong Kong, including freedom of opinion, expression, peaceful assembly, and participation in public affairs. Another serious charge used by Chinese authorities, under ...

Cash flow crisis, 3 billion yuan in losses, Gome Group delays wages

Economy 09/29/22, 12:16

GOME Retail Holdings Ltd. is one of the largest privately owned appliance retailers in mainland China and Hong Kong. The company caught public attention when its founder was sentenced to 10 years for illegal business operations, insider trading, and bribery to weak business results and most recently, laying off employees ...

Chinese senior official warns slowing global demand hurts China’s trade

Economy 09/29/22, 10:41

According to Bloomberg, a senior Chinese official warns that weakening foreign demand for goods from China hurts the country's trade.  Vice Commerce Minister Wang Shouwen said at a press conference Tuesday, September 27, in Beijing, "The slowdown in external demand is the biggest uncertainty faced by China's trade." He added, "Our companies ...