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Although rewards programs are designed to save customers money, most of them also include some form of redemption hurdle: policies such as spending minimums or expiration dates that limit customers’ ability to actually reap the benefits of the program. 

Professor CHEN Xiao from the Department of Accounting of the Tsinghua SEM recently told the Economic Information Daily that, despite all of the considerable challenges arising from the COVID-19 pandemic and geopolitics, the Chinese economy undoubtedly has bright long-term prospects. 

CHEN Jin, a professor from the Department of Innovation, Entrepreneurship, and Strategy at Tsinghua University School of Economics and Management (Tsinghua SEM) and director of Tsinghua University's Research Center of Technological Innovation, told Economic Information Daily that – at this time of challenges and opportunities – Chinese companies should develop strategies that focus on improvi...

High inflation and slow economic growth have cast a pall over the United States. The US Federal Reserve's responses – hiking rates and shrinking its balance sheet – may prove inadequate to contain inflation and stock market bubbles while keeping the economy growing.There is some doubt that the US will manage to realize a soft landing for its economy. For the world, these contractionary action...

China's economic growth in the first quarter of this year exceeds the expectations and will be a great support for the global economy, economists have said.