Category: In Focus

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Muji’s U.S. business seeks bankruptcy protection over coronavirus

A newly opened Muji store at a shopping mall in Hangzhou, Zhejiang Province, China (Reuters)
A newly opened Muji store at a shopping mall in Hangzhou, Zhejiang Province, China (Reuters)

CGTN | 10-Jul-2020

Minimalist lifestyle brand Muji’s U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic. Continue reading “Muji’s U.S. business seeks bankruptcy protection over coronavirus”

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Beijing rental prices remain down with subdued demand

Beijing rental prices remain down with subdued demand (CGTN/VCG)
Beijing rental prices remain down with subdued demand (CGTN/VCG)

CGTN | 10-Jul-2020 | By Michelle Van den Bergh

Beijing’s rental market has seen decreasing demand in the first half of 2020, and experts agreed that cooling may likely continue into early next year. Continue reading “Beijing rental prices remain down with subdued demand”