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CEO Explainers

China’s Fiscal Dilemma: Balancing Local and Central Debt in a Struggling Economy

In 1975, Zhou Enlai, the first premier of the People’s Republic of China, proudly declared in his final public address that the country was debt-free, boasting a balanced budget amidst global economic instability. Nearly 50 years later, while China’s central government debt remains modest at around 24% of GDP, local...
CEO ExplainersLifestyle and Travel

China’s Box Office Slump: Ticket Sales from $2.89 Billion to Almost $1.5 Billion So Far

China’s summer movie ticket sales have exceeded $1.5 billion so far, falling short of last year’s record $2.89 billion, according to data from China’s Film Data Information Network, affiliated with the Central Propaganda Department. Traditionally one of the most profitable periods for the Chinese film industry, this summer's downturn is...
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