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According to Iranian media, in response to the US attack on southern Iran, the Iranian military used drones to attack the US Fifth Fleet located in Bahrain.

2026-06-11

According to Iranian media, in response to the US attack on southern Iran, the Iranian military used drones to attack the US Fifth Fleet located in Bahrain.

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2026-06-10

BOC Governor MACKLEM said the economy is undergoing a phase of structural change.

BOC Governor MACKLEM said the economy is undergoing a phase of structural change.
2026-06-11

Liu Xiaochun, director of the Internet Rule of Law Research Center at the University of Chinese Academy of Social Sciences, warned that platforms' competing '100-billion-yuan' subsidy campaigns could trigger 'involution'-style cutthroat competition.

Liu Xiaochun, director of the Internet Rule of Law Research Center at the University of Chinese Academy of Social Sciences, warned that platforms' competing '100-billion-yuan' subsidy campaigns could trigger 'involution'-style cutthroat competition. He said large, irrational subsidies distort price signals and that some platforms require merchants to absorb subsidies in full, leaving merchants caught between no traffic if they don't cut prices and losses if they do. Severe margin compression threatens merchant viability, hinders industry innovation and upgrading. He also flagged that several platforms' rules unilaterally exempt from platform liability except in force majeure, increasing consumer risk.
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