Young people shut out of the labor market or burned out from overwork are being hired by their parents to do housework and be on hand whenever needed.
Monthly Archives For July 2023
China property developers’ shares, bonds slump as sector worries deepen
Stocks and bonds in China’s real estate industry fell to around eight-month lows on Monday as repayment worries at two of the country’s biggest developers plunged confidence in the sector deeper into …
China property stocks tumble on renewed debt fears
Liquidity remains a concern for embattled Chinese property developers, which are struggling to emerge from a debt crackdown that started two years ago.
JPMorgan Sees 35% Downside for China’s Top Builder as Woes Mount
Shares of Country Garden Holdings Co. are expected to drop 35% as liquidity concerns surrounding China’s private builders are unlikely to ease anytime soon, according to JPMorgan Chase & Co. Most Read …
Analysis-China’s pitch to foreign investors falls flat as incentives dwindle
China is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once …
China c.bank sells cash deposits at record low, more easing seen
The People’s Bank of China (PBOC) sold 60 billion yuan ($8.35 billion) worth of finance ministry one-month deposits 75 basis points lower than the previous auction in May. “(Commercial banks’) deposit …
OpenAI’s Sam Altman launches Worldcoin crypto project
OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled ‘Oversight of A.I.: Rules for Artificial Intelligence’ on Capitol Hill in Washington …
Analysis: As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy
Japan’s imposition of export controls on chip making tools to align with a U.S. policy restricting China’s ability to produce advanced semiconductors is worrying some officials in Tokyo who believe a …
China, Russia conclude drills as US, South Korea, Japan deepen security ties
Flags of China and Russia are displayed in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration …
China on track to smash coal import records
Dry bulk rates might be in the doldrums, but they’d be in a whole lot worse state were it not for the sensational amount of coal China has been importing in recent months, with the…
METALS-Copper drifts lower on slow China demand, more supplies
BEIJING, July 24 (Reuters) – London copper prices seesawed on Monday, as investors weighed short-term slow demand from top consumer China and improving supplies against possibly more stimulus to …
China Insight: Shanghai, China’s Window to the World, Launches Shanghai Gala
Ranked as one of the “top 10 fashion capitals in the world,” Shanghai is launching a major event this fall to celebrate global fashion design and the fashion industry — the Shanghai Gala. Facing …
Chinese Bubble Tea Chains Brew IPOs Ahead of Consumer Revival
A parade of Chinese bubble tea makers are lining up for first-time share sales in Hong Kong and the US, where they are likely to get less regulatory scrutiny than at home.
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