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China’s consumers refuse to open their wallets. Is ‘luxury-phobia’ the problem?
scmp91d ago

China’s consumers refuse to open their wallets. Is ‘luxury-phobia’ the problem?

As China struggles to boost consumer spending, a professor at one of the country’s top universities has argued that authorities first need to overcome a psychological barrier: a deep-seated “luxury-phobia” that has taken hold among the Chinese public.The suggestion by Su Jian, a professor at Peking University, comes amid a debate in Chinese policy circles about how to revive the country’s sluggish demand, with retail sales slowing despite government efforts to rebalance the economy towards a...

#ECONOMY
Labour scraps Audit Reform Bill to ‘avoid’ costs on firms
cityam91d ago

Labour scraps Audit Reform Bill to ‘avoid’ costs on firms

The Audit Reform and Corporate Governance Bill, added into Labour’s first King Speech, is now being scrapped to “avoid significant new costs to firms”. The reform was first raised in 2018 following the collapse of Carillon, but has been on and off the table ever since. The Bill was shelved by the previous government in November 2023 [...]

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CJBCrypto.com Reviews & News: Investors Can Trace Their Lost Funds (Update Released)
openpr91d ago

CJBCrypto.com Reviews & News: Investors Can Trace Their Lost Funds (Update Released)

InvestorWarnings.com has issued a new update on the CJBCrypto.com case. Trace Your Lost Funds Here:https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/ Regulatory Warnings Against CJBCrypto.comCJBCrypto.com (often referred to simply as CJB Crypto) is an online cryptocurrency investment and cloud-mining platform that has been promoted in press

#FOREX#ECONOMY
Solana At Risk Of Breakdown After Key Rejection – Is $100 Next?
news4social91d ago

Solana At Risk Of Breakdown After Key Rejection – Is $100 Next?

Solana At Risk Of Breakdown After Key Rejection – Is $100 Next? A year after reaching its all-time high (ATH), Solana (SOL) is trading 54.3% below its $293 2025 milestone, attempting to hold a crucial zone as support. Some analysts warned that the altcoin could risk a deeper correction if the price fails to recover [...]

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