Foreigners have left China in large numbers, but the most important reasons were other than COVID-19, argues intercultural coach and consultant Gabor Holch in his video. Already before the coronacrisis, the exodus was taking place because economic growth was dropping, career opportunities for expats were diminishing and the expat community was already severely hit before the lockdowns, he argues.
Yujiapu, Tianjin’s financial district, is building China’s Manhattan, with loans since most inhabitants still have to arrive. That goes well, says financial analyst Victor Shih, as long as the project has the political goodwill in Beijing to subscribe giants loans, he tells in the New York Times.
International schools are big business in China, not only for expat families living in China, but increasingly also for ambitious Chinese. Rupert Hoogewerf, chief researcher of the Hurun China Rich List ranked those schools for the first time at Hurun Education. YK PAO school, International School of Beijing, Dulwich College Beijing and Keystone Academy lead the top international schools in China, the report says
Traditionally Shanghai, Beijing and Guangzhou were benchmark cities when looking at the housing market in China. But when you want to know where global wealth is growing fastest, you might have to look at a few unfamiliar names, including Wuxi, overtaking Hong Kong as the most expensive city, says Rupert Hoogewerf, chief researcher of the latest Hurun Report, according to the South China Morning Post.
President Xi Jinping´s “China Dream” comes along with a slick propaganda campaign. But the center piece of the campaign, a clay figurine of a chubby peasant girl in a red smock, has split the artisan Tianjin family who made the image, discovered journalist Ian Johnson for the New York Times.
Not only is the municipal government leaving the city center of Beijing, more activities are going to leave for a new urban corridor between Beijing and Tianjin, reports journalist Ian Johnson in the New York Times. Hospitals, markets and administrative offices follow too by moving to Hubei province.