Finance

In a rapidly evolving entertainment landscape, the announcement by Chinese video streaming giant iQiyi to unveil “iQiyi Land,” its inaugural full-scale theme park, reflects a remarkable pivot towards experiential entertainment. Set to open in the historic city of Yangzhou, Jiangsu, this venture symbolizes more than just a theme park; it encapsulates a dynamic response to

In an era characterized by palpable distrust in federal institutions, particularly within the realm of consumer protection, New York’s Attorney General Letitia James has unveiled a bold initiative aimed at safeguarding the state’s residents from unscrupulous business practices. The bill, known as the Fostering Affordability and Integrity through Reasonable Business Act (FAIR Business Practices Act),

The recent resurgence in China’s venture capital scene can largely be attributed to DeepSeek’s groundbreaking artificial intelligence innovations. After three consecutive years of decline, signaling a crucial pivot point, the excitement surrounding this tech development has sparked an overwhelming interest among investors. The stark contrast between the prevailing skepticism and the renewed optimism encapsulates a

In an unexpected twist in the financial landscape, mainland Chinese investors have taken a bold step, injecting a staggering 29.62 billion Hong Kong dollars (approximately $3.81 billion) into Hong Kong’s stock market. This represents an unprecedented level of enthusiasm for a market that had witnessed its share of challenges. As the Hang Seng Index hovers

In his fervent rhetoric, President Donald Trump has positioned tariffs as a job-creating juggernaut, exuding confidence when he asserts that they will “create jobs like we have never seen before.” However, such assertions starkly clash with economic realities. The overwhelming consensus among economists suggests that tariffs are not the miracle solution the administration claims they

In a surprising turn of events, China’s Minister of Foreign Affairs, Wang Yi, took to the podium during a recent press conference, emphasizing a more collaborative approach towards U.S. relations. This shift reflects a significant departure from the earlier, more aggressive rhetoric that had characterized China’s stance just days prior. By promoting the idea of

For far too long, alternative investments have been the exclusive playground for the ultra-wealthy and large financial institutions. This trend has left the average retail investor on the outside looking in, often deprived of opportunities that could potentially enhance portfolio diversification and yield. The barrier, often referred to as the “velvet rope,” has been criticized

In an era marked by rapid political shifts and tumultuous economic climates, the challenge of navigating monetary policy becomes increasingly complex. Federal Reserve Chairman Jerome Powell’s recent remarks serve as a cautious reminder that the Fed’s path is not predetermined. As he noted, patience is paramount while the effects of President Trump’s unorthodox policies on

As we delve deeper into the complexities of China’s fiscal policy, it is essential to recognize the current economic backdrop. Amidst a growing body of internal and external uncertainties, particularly in the face of escalating trade tensions with the U.S., Chinese Finance Minister Lan Fo’an recently delivered a rather optimistic outlook on the country’s financial

In a bold move on Wednesday, China unveiled its decision to boost defense spending by 7.2% for the upcoming fiscal year, echoing a similar pattern established in previous years. This announcement, revealing a defense budget exceeding 1.78 trillion yuan (approximately $245 billion), raises critical concerns about the implications for both regional stability and the global