economy China

Education 07/25/22, 16:10

School districts received another fatal blow. Beijing to implement a "teacher rotation" policy in September China's Sina Finance reported that the Beijing Municipal Government announced that after school starts in September this year, all Beijing districts will carry out the exchange and rotation of teachers. They considere this policy is a measure to ...

Economy 07/24/22, 16:19

Consecutive epidemics have occurred in China, and the government's strict epidemic control measures have made it impossible for many firms to survive. On July 21, the vacancy rate of retailers in Shanghai hit 9.8 percent, according to China's "Guyu Data," and the trend is growing. In addition, Hexun said, according to the "Investigative Survey ...

Social problem 07/19/22, 17:05

After a real estate contractor in Jingde city, Jiangxi Province, issued a "Notice to suspend construction" on June 30, the property owners jointly declared the suspension of installment payments, followed by a movement to announce the cessation of installment payments in many Chinese cities. So far, many real estate owners ...

Disasters 07/10/22, 16:33

Many areas of China have seen significant rainfall since June. According to the most recent statistics, 487 rivers in China were flooded above alert levels, reported Chinese state-owned broadcaster CCTV. The data was released by Zhou Xuewen, Vice Minister of Emergency Management and Vice Minister of the Ministry of Water Resources, during ...

Economy 07/06/22, 16:51

Local governments in China have repeatedly had to introduce consumer stimulus measures to the real estate market, showing that this is a formidable time bomb for the second-largest economy in the world.  Tangshan City, Hebei province, became a hot news spot. On the evening of the 5th, the government introduced a ...

Social problem 07/02/22, 16:51

During the current economic recession, China has entered an era of high unemployment and unprecedented low income. Some scholars have pointed out that there are 200 million unemployed people in China and nearly 1 billion people earning less than 2,000 yuan per month. On June 27, Chinese Premier Li Keqiang proposed in ...

China 12/18/21, 15:42

A company with more significant problems than Evergrande has come to the forefront. Media outlets quoted industry insiders saying that the Shanghai Shimao Group's crisis was worse than Evergrande's default. According to Bloomberg, although Shimao Group's balance sheet is less than one-third of Evergrande and its sales rank only at 13th among Chinese ...