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Private Sector Struggles In Major Chinese Industrial Base As Export Orders Shrink: Local Businessmen
Private Sector Struggles In Major Chinese Industrial Base As Export Orders Shrink: Local Businessmen
Authored by Alex Wu via The Epoch Times (emphasis ours),
Amid China’s persistently sluggish economy, Zhejiang Province, a major production and industrial base in eastern China, is seeing a decline in trade orders as private enterprises struggle to stay afloat, according to industry professionals who spoke with The Epoch Times.
Workers load goods for export into a container at a logistics hub in Yiwu, Zhejiang Province, China, on April 29, 2025. Kevin Frayer/Getty Images
As the “hollowing out” of...
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May 21, 2026 / Tyler Durden
Exit Taxes Won't Save Failing States
Exit Taxes Won't Save Failing States
Authored by Vance Ginn via TheDailyEconomy.org,
When a state starts floating an exit tax, it is telling you something more important than any campaign slogan: the people running the place know their model is not working.
They may not say it that way. They will call it fairness, responsibility, or making the wealthy “pay what they owe.” But the meaning is the same.
If families, entrepreneurs, and investors are leaving, the state can either ask why its policies are pushing them out, or it can try to tax...
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Sep 30, 2026 / Tyler Durden
Judge Orders New York City To Scrap Notices For Mamdani's Tax On Second Homes
Judge Orders New York City To Scrap Notices For Mamdani's Tax On Second Homes
Authored by Jill McLaughlin via The Epoch Times,
A Staten Island judge ruled Sept. 29 that New York City Mayor Zohran Mamdani's administration mishandled the rollout of a pied-à-terre tax on second homes in July, ordering the city to scrap the notices and start over.
Supreme Court Justice Wayne Ozzi sided with homeowners who claimed the program that in July added a special tax on second homes worth more than $5 million penalized them needlessly.
Ozzi found "the mailed...
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Sep 1, 2026 / Tyler Durden
Tropical Storm Edouard Takes Aim At America's Largest Refinery Hub
Tropical Storm Edouard Takes Aim At America's Largest Refinery Hub
The National Hurricane Center has issued a hurricane watch for parts of the Texas and Louisiana coasts as Tropical Storm Edouard strengthens in the Gulf of America and tracks directly toward one of America's most critical refining and LNG corridors.
Edouard was approximately 90 miles southeast of Port Arthur, Texas, early Tuesday, with maximum sustained winds of 40 mph, according to the latest NHC update. The storm is expected to make landfall near the Texas-Louisiana border later Tuesday and could approach...
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