Economy & Finance
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Hong Kong developer Wharf calls for ‘comprehensive review’ of property market curbs | South China Morning Post
Hong Kong needs a “comprehensive review” of curbs placed on the property market, according to the chairman of Wharf (Holdings), one of the city’s biggest developers. In an exclusive interview with the Post, Stephen Ng said the review is needed because economic conditions have changed since 2009 when the rules were i…
China Evergrande suspends market trading amid questions about chairman’s whereabouts | South China Morning Post
For more on this: https://sc.mp/3160c6
Chinese investors offloading overseas properties | South China Morning Post
As China’s property crisis continues and the growth of household wealth dwindles, some owners have had to sell their overseas investments. But with a saturated market and very few buyers, property owners are struggling to find buyers. This Post story is reported by He Huifeng and narrated by Regina de Luna. For the …
Zimbabwean President's Growing Economy Claims Met With Doubt, Anger
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Middle class in China and US fear losing status | South China Morning Post
China has seen a significant increase in the size and influence of its middle class, but an ageing population is set to hinder the nation’s growth. In the US, the size of the middle class fell from 61 per cent of the population in 1971 to 50 per cent in 2022 amid flat wage growth and a drop in university enrolments.…
Economy | South China Morning Post
The sales come less than a fortnight after Xi says in a speech that: “At present, what the people of Hong Kong desire the most is a better life, a bigger flat, more business start-up opportunities, better education for kids and better elderly care. What the people call for, we must strive to deliver.”
Death and debt in China | South China Morning Post
China’s southern metropolis of Shenzhen is the only mainland city where individuals can apply for bankruptcy, but it’s not easy since authorities reportedly frown on debt forgiveness. While debt is often taken to the grave, debtors’ families may continue to be hounded by creditors under a traditional belief that a “…
Can China learn lessons from Japan’s ‘lost 30 years’? | South China Morning Post
China and Japan have ended up on very similar economic trajectories, since both countries emerged from relative obscurity to become major powerhouses through aggressive reforms and investments. In the process, the nations each have accumulated huge amounts of debt and asset bubbles. In the 1990s, the situation becam…
Pakistani families struggle to pay electricity bills that can take up entire pay cheque | South China Morning Post
Hundreds of people took to the streets of Karachi to protest against soaring utility costs in Pakistan. Families saw a sharp jump in their electricity bills in August 2023 due to higher tariffs and increased tax, as Pakistan battles high inflation after securing a US$3 billion loan from the International Monetary Fu…
A look into China’s real estate market: unpaid workers and silent construction sites | South China Morning Post
Chinese workers at the unfinished Country Garden residential complex have complained of months without pay. The company is China's largest by sales volume before this year, but currently mired in a debt crisis threatening to spill over to the wider economy.
Biden’s China tech policy goal: a 10 year handicap | South China Morning Post
Hear how Chinese scientists and the semiconductor industry have responded to Biden’s latest executive order, why some are calling it a “lose-lose” situation, and why China’s goal towards technological self-sufficiency has become much more difficult. Also, the Post’s Shenzhen-based tech reporter Iris Deng shares her …
China surprises market by keeping mortgage rate unchanged amid ongoing property crisis | South China Morning Post
Read more on this: https://sc.mp/e00p
San Francisco opened bank accounts for kindergarteners 13 years ago. Did it pay off?
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VOA60 World - Israel: Suspected Palestinian Shooter Kills Woman in West Bank
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Japan’s growing demand for cooling products creates market for wearable technology | South China Morning Post
For more stories on Japan: https://sc.mp/gw3p
Crucial to Nigerian Economy, Small Businesses Struggle to Stay Afloat
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Northern South Sudan's Economy 'Decimated' by Sudan Conflict
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China's saturated ride-sharing car market squeezes drivers' livelihood | South China Morning Post
Read more about China’s economy: https://sc.mp/ud75
Is youth joblessness worsening in China? Beijing’s official figures offering fewer clues | South China Morning Post
For more related stories: https://sc.mp/62cp
Despite Improving Indicators, Biden Still Scores Low on Economy
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US Economy Will Sway 2024 Vote, Small Business Owners Say
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Philippines’ Marcos touts strong economy in Congress speech amid fierce protests | South China Morning Post
For the full story: https://sc.mp/80590c
China’s elderly are heading to retirement, here’s why that’s a problem | South China Morning Post
China is predicted to have 400 million retirees in 2035 - the same year the state pension fund is expected to run out. In this episode, Jasmine Tse analyses the central government's race to prepare the nation's finances, infrastructure and health system. Global health policy expert Professor Winnie Yip unpacks the c…
Why China’s slacker generation is choosing to “let it rot” | South China Morning Post
Something's changed in China's youth and it's causing concern all the way up to President Xi Jinping. Jasmine Tse presents an episode tracing the roots of a cross-generational protest from the 90s 'slacker' Generation X in the West to the year 2019 and a lone Chinese developer angry at '996' working culture, to vira…
What happens when China’s most-educated can’t find work | South China Morning Post
A record 12 million Chinese college graduates are entering the workforce at a time of historic youth unemployment. Xi Jinping's response to China's GenZ and millennials was "eat bitterness'. King’s College sociologist Dr Ye Liu analyses why these generations differ from their elders; consumer trends journalist Yalin…
Why China’s population crisis has already begun | South China Morning Post
After 70 years as the world's most populated nation, the news of China's first decline in population since the Great Famine of the 1960s was a long time coming. King’s College sociologist Dr Ye Liu reveals the deeper impact of the one child policy, how the massive gender imbalance continues to play out in and how it…
Inside China's Demographic Revolution | South China Morning Post
There's more to the shock of China's declining population than just births, deaths and marriages. Chinese GenZ and millennials are choosing career over kids - or choosing to "lie flat" or "let it rot". The two most educated and affluent generations in China's history are making choices that are changing the economy …
Boom, bust and borrow: Has China’s housing market tanked? | South China Morning Post
For more on the Evergrande crisis: https://inks.tn/8e5d7a
Beijing Steals American Technology, Claims US Response is Attack on China's Economy.
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South Korean seafood market testing for radiation amid concern about Fukushima water release | South China Morning Post
Read more about Fukushima nuclear disaster: https://sc.mp/mqva
Israel attacks Palestine’s Jenin amid one of the biggest West Bank operations in 20 years | South China Morning Post
Israel hit the Palestinian city of Jenin with drone strikes on July 3, 2023, amid one of its biggest West Bank operations in 20 years. Palestinian health officials confirmed several people had been killed in Jenin’s crowded refugee camp, which is also a stronghold for the militant group Brigades. Israel’s leader cal…
VOA60 World- Israel says it targeted militants in a West Bank refugee camp with a drone strike early Monday
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Saudi tech minister says China a ‘success story to replicate’ during Hong Kong visit | South China Morning Post
Read more about the Hong Kong economy: https://sc.mp/wa49
Philippine tourism advert shows stock footage of Brazil, Indonesia and other countries | South China Morning Post
Tourism officials in the Philippines have been left red-faced after the creators of a video promoting the Southeast Asian archipelago as a holiday destination admitted they had used stock shots from other countries. Advertising agency DDB Philippines apologised on July 2, 2023, for the “highly inappropriate” images,…
Premier Li Qiang plays up China’s economic prospects at World Economic Forum’s ‘Summer Davos’ | South China Morning Post
Chinese Premier Li Qiang played up his nation’s economic prospects in a keynote speech opening the World Economic Forum’s “Summer Davos” gathering in Tianjin, China on June 27, 2023. Amid global concerns over the slow recovery of China’s economy, Li said he is “fully confident” the economy can bounce back. He also i…
VOA60 World - EU delegation tours destruction from West Bank clashes
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Cantopop: a genre for Hong Kong that went global among music lovers | South China Morning Post
A musical genre for the local market that became popular among Chinese speakers and others around the world, Cantopop is a reflection of Hong Kong, with its international influences but distinctly Chinese culture. Initially seen as vulgar and unpresentable, the genre contrasted sharply with traditional Cantonese ope…
Stir-fried pebbles sold as popular street food in China | South China Morning Post
Stir-fried pebbles are becoming a popular street food dish in a night market in central China.
Chinese EV Makers Make Progress in Bid to Dominate British Market
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China-Laos railway boosts Chinese imports of Thai durian | South China Morning Post
Read more about China’s rising demand for durian: https://sc.mp/dvau
VOA60 Africa - EU Offers Aid to Tunisia to Boost Economy, Reduce Migrant Flows
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China’s first home-grown large cruise ship set to begin sea trials | South China Morning Post
China’s first home-grown large cruise ship, the Adora Magic City, is set to begin sea trials. The 135,500-tonne ship, which left its dock in Shanghai on June 6, 2023, represents a breakthrough for the country’s shipbuilding and high-end manufacturing after the launch of the C919 passenger jet.
Pakistan hit by cost-of-living crisis as inflation skyrockets to nearly 40% year-on-year | South China Morning Post
For more Pakistan’s coverage: https://sc.mp/iwy0