Wuhan

New Business

Young Chinese put retirement plans on hold amid slowing economy, demographic crisis

For many young people in China, the government’s call to prepare for retirement decades in advance feels out of touch…

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New Business

China’s new-home prices extend decline for 22nd month, but stimulus offers hope

China’s new-home prices fell for a 22nd straight month in March, but the declines continued to narrow as government support…

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New Business

As Trump decrees ‘de minimis’ exemption dead for China goods, what’s the ‘bottom line’?

US President Donald Trump’s elimination of the “de minimis” exemption for Chinese goods will ultimately hurt American consumers, while Chinese…

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New Business

China’s lidar sensor makers Hesai, RoboSense stand to gain after fatal Xiaomi SU7 EV crash

China’s leading lidar sensor makers Hesai Group and RoboSense Technology stand to benefit in the aftermath of a fatal accident…

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New Business

China’s home prices drop for 21st straight month as property recovery remains elusive

China’s new-home prices fell for the 21st straight month in February as a recovery continued to elude the key economic…

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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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Top Chinese memory chip maker YMTC makes another design breakthrough, defying US sanctions

Yangtze Memory Technologies Corporation (YMTC), China’s leading flash memory chip manufacturer, has achieved a significant technological breakthrough despite US sanctions,…

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New Business

From toys to trading cards, China’s ‘goods economy’ fills emotional voids, opens wallets

Zhu Zuoyi generally keeps her daily expenses tightly in check and spends less than 20 yuan (US$2.74) on most meals,…

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New Business

China’s C919 jet faces crunch test as its network rapidly expands

China’s first home-grown passenger jet, the C919, is now serving 10 major cities across the country as domestic airlines move…

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New Business

Chinese developers, cities tempt homebuyers with perks like private-jet shares, residency

From private jets to permanent residency in major cities, cash-strapped developers in mainland China are offering increasingly aggressive incentives to…

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