But for the first time ever people across China are halting mortgage payments on such homes in protest. Buyers have stopped payments on at least 319 projects in 93 cities, according to documents that ... ( read original story ...)
China, Hong Kong stocks fall as COVID, property woes douse excitement over Didi probe end
China and Hong Kong stocks fell on Thursday, as worries over fresh COVID-19 outbreaks and mortgage-payment boycott overshadowed gains in tech shares on the conclusion of a cybersecurity probe into ... ( read original story ...)
In June, a Shanghai billionaire set social media ablaze by vowing to ‘move abroad by next year.’ He’s part of a $60 billion wave
China’s rich are trying to flee the country’s punishing COVID-zero policies. Consultancy Henley and Partners finds $48 billion on the mainland preparing to leave, with another $12 billion in Hong Kong ... ( read original story ...)
Shanghai govt bans job discrimination against people who recovered from infectious diseases including COVID
Shanghai Municipal People's Congress passed a decision on Thursday, banning employers from terminating contracts, or refusing to hire those who once suffered from infectious diseases. The decision was ... ( read original story ...)
SMM Evening Comments (Jul 21): Shanghai Nonferrous Metals Closed Mostly with Gains
Shanghai nonferrous metals closed mostly with gains amid easing pressure from the macro front, while the State Council once again emphasised the steady economic growth. SHANGHAI, Jul 21 (SMM) – ... ( read original story ...)
Shanghai Firms Must Not Reject Employees With History of Infectious Disease, Local Gov’t Says
No company in Shanghai may terminate employment contracts nor refuse to hire new staff who have previously suffered from an infectious disease such as Covid-19, according to a new resolution passed ... ( read original story ...)
Yum China Announces Groundbreaking of New Supply Chain Management Center in Shanghai
Yum China Holdings, Inc. (the "Company" or " Yum China ", NYSE: YUMC and HKEX: 9987) today announced that the Company has commenced the construction of the Yum China Supply Chain Management Center in ... ( read original story ...)