Shenzhen Post 
Denmark may boast a GDP of approximately 430 billion dollars, but within its borders lies a pharmaceutical giant that dwarfs the nation’s economic output. Novo Nordisk, a Danish company specializing in healthcare, carries a market cap exceeding 604 billion dollars, surpassing even luxury powerhouse LVMH. This year alone, Novo Nordisk has soared past Tesla in … Read more
China is taking steps to address the growing issue of “invisible overtime,” where employees are expected to respond to work messages and handle tasks outside of regular working hours. This follows a recent Supreme Court ruling recognizing such work as compensable overtime. Lyu Guoquan, head of the trade union federation, proposed a legal framework for … Read more
A decade ago, President Xi Jinping hosted world leaders at the APEC summit in Beijing. Back then, the air quality in the Chinese capital was a source of concern, with clear skies nicknamed “APEC blue” seen as a temporary phenomenon. Xi assured those leaders of China’s commitment to environmental protection, promising the “APEC blue” would … Read more
As of March 8, 2024, Zhong Shanshan reigns supreme as China’s wealthiest individual, boasting a staggering net worth of 62.7 billion U.S. dollars. Following closely behind is Zhang Yiming with an estimated 43.4 billion, solidifying his position as the second richest person in the country. Colin Zheng Huang and William Ding round out the top … Read more
The mention of “scam” often conjures images of recent financial scandals like FTX and Theranos. However, large-scale fraud isn’t limited to specific regions, and Vietnam is currently grappling with its own “trial of the century” – a $12.5 billion real estate scam masterminded by Truong My Lan, a 67-year-old tycoon. Lan, a self-made business woman … Read more
[cmsmasters_row][cmsmasters_column data_width=”1/1″][cmsmasters_text] The 2008 financial crisis sent shockwaves through the global economy, with banking giants like Lehman Brothers collapsing. While many industries faltered, a surprising sector emerged as a winner: fast fashion. As consumers tightened their belts, they turned to affordable, mass-produced clothing, propelling fast fashion brands like Boohoo and Asos to new heights. This … Read more
South Korea recently shattered its own record for the world’s lowest fertility rate, falling to a dismal 0.72 births per woman in 2022. This represents an alarming 8% decline from the already concerning rate of 0.78 in 2021. This plummeting birth rate has triggered a full-blown population crisis in South Korea. With the population declining … Read more
China, as evidenced by a recent government work report, has signaled a significant shift towards a more open and integrated economy. This report outlines a series of measures aimed at fostering a level playing field for foreign businesses by ensuring “national treatment” for foreign-funded enterprises, ultimately promoting mutual benefits. To achieve its goal of higher-standard … Read more
Science and technology has emerged as a top priority for China in 2024, with a significant 10% increase allocated to this sector in its annual budget. This translates to ¥379.8 billion (roughly US$52.7 billion), marking the largest percentage rise among all major government spending areas and a significant jump from last year’s modest 2% increase. … Read more
The landscape of global science and technology is witnessing a shift in power dynamics, with China making significant strides and surpassing South Korea in advancements across 136 key technologies for the first time in 2022, according to a report by South Korea’s Ministry of Science and ICT. This report, which uses the US as the … Read more