The US central bank warned Monday that China’s ongoing property woes could elevate “financial stresses in China, [which] could further strain global financial markets and negatively affect the United States.” In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China’s most indebted developer. […]
problems
Automakers’ problems are much worse than we thought
Industry experts say automakers are having trouble getting all manner of parts and raw materials for a variety of reasons, including Covid-related plant shutdowns by suppliers, logistical problems involving shortages of ships, shipping containers and truck drivers, and difficulty that some suppliers are having filling jobs. That’s making the cost […]
The holistic analysis of root problems plaguing China’s accounting service industry
A few days ago, I got an inquiry of Megi (China’s cloud accounting software for SME business) from an accountant (anonymously named Shirley) working as a full-time employee of a small business in Shanghai. And two days ago, they decided to adopt Megi to manage their financials. Shirley actually knows […]