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Luo Gan at the 18th National Congress in Beijing on Nov. 14, 2012. (Goh Chai Hin/AFP/Getty Images)

Former Security Czar’s Dirty Laundry Made Public, a Sure Sign of Having Fallen From...

Rumors of China’s former security czar Luo Gan using his political clout to benefit his family have long been circulating on the Chinese internet. But with the...
Watched by Senator Tim Scott (R-SC) President Donald Trump speaks during a working session regarding opportunity zones following the recently signed tax bill in the Oval Office of the White House in Washington, DC on Feb. 14, 2018.(MANDEL NGAN/AFP/Getty Images)

New Tax Law Brings Hope to Low-Income Communities

Opportunity Zones would boost private investment in distressed regions across the country, says Senator Scott WASHINGTON—An unnoticed provision of the Tax Cuts and Jobs Act is...
Macy’s Herald Square in New York on Nov. 21, 2017. The Atlanta Federal Reserve predicts booming economic activity for the first quarter of 2018. (BENJAMIN CHASTEEN/THE EPOCH TIMES)

Tax Cuts Could Create a Boom, Say Economists

Atlanta Fed raised its Q1 economic growth forecast to 4 percent The U.S. economy may have a blockbuster start to the year, thanks to tax...

The Outlook on China’s ‘One Belt, One Road’

Massive bid to link Eurasia under Beijing’s geopolitical aegis encounters setbacks News analysis Wielding wealth and industrial might second only to the United States, the Chinese...

New IMF Report Reveals Just How Big China’s Debt Problem Is

A newly released report and book on the Chinese economy has revealed the severity of China’s debt problem. The International Monetary Fund (IMF) released its...

In China, Investigation into Eight Banking Executives Exposes Widespread Corruption

China recently opened up its financial system to more foreign ownership, allowing foreign investors to take controlling interests in Chinese securities firms, insurance companies,...

Working Conditions Still Poor for China’s Factory Workers, Says Watchdog Organization

Chinese factory workers producing toys for major brands like Mattel, Hasbro, and Disney continue to work in grueling conditions, according to a recently published report by...

The Cracks in China’s Economy

After the National Congress, China is getting serious about reform, unsettling the markets News Analysis The final GDP growth number issued by the Chinese Communist Party after its...

Chinese Residents Still Moving Large Sums of Money Abroad

A massive operation that laundered money and transferred funds out of China was recently uncovered in Shaoguan City, in China’s southern province of Guangdong. On...

China Commences Crackdown on Shadow Banking

Chinese regulators introduced major rules on Nov. 17—the scale of which has been compared to the U.S. Dodd-Frank Act—to unify regulations for the asset management industry...

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