22 Sep 2021
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The data on the Mid-Autumn Festival travel period is in – and it’s mostly good news for China’s struggling tourism industry.
ICYMI: In the run-up to the holiday, many local governments urged residents to keep travel plans close to home, in hopes of limiting COVID-19 risk.
And stay close to ho...
April 24, 2024
Issuance of special purpose bonds (SPBs) slowed in Q1 2024, but the finance ministry (MoF) isn’t worried. The data: Last quarter, local governments issued RMB 634.2 billion in SPBs, accounting for 16% of the 2024 full-year quota. That’s down by… Read More »
April 24, 2024
The TikTok divestment bill passed the US Senate late on Tuesday night, with an overwhelming 79-18 vote. US President Joe Biden said he will sign the bill into law first thing this morning. The clock is ticking: This will give… Read More »
April 24, 2024
Housing vouchers are essential for accelerating urban village redevelopment. That's according to Li Yujia, chief researcher at a government-affiliated housing policy think tank in Guangdong. Some context: Last week, Guangzhou issued China's first-ever housing vouchers to residents displaced during urban… Read More »