China’s ‘618’ Shopping Festival 2020: Huawei and Xiaomi Dominate on Tmall
This year, the famous mid-year shopping festival was ‘preheated’ by top e-commerce platforms and social media. The event’s lofty transaction volumes revealed China’s economic recovery from the COVID-19 pandemic.
Jun 23, 2020 09:08 AM
An Industry Built on Debt
Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.
Nov 08, 2021 09:42 AM