The number of used homes listed for sale recently skyrocketed in China’s industrial hub Suzhou, prompting a local financial expert to assert that the city’s housing prices would collapse by the year’s end. According to information on Lian Jia, a Beijing-based real estate trade platform, the number of second-hand homes for sale in Suzhou was…
ANALYSIS: China’s Eastern Industrial Hub Suzhou May Face Housing Price Collapse Amid Over-Saturated Property Inventory
Major Chinese Industrial City Steps Up COVID Control; Chip Plants Affected
A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…
Semiconductor Plants Halted as Major Chinese Industrial City Steps Up COVID Control
A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…
Workers in Yangtze Delta Protest Lower Wages Caused by China’s Power Cuts
October 13, 2021
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ChinaChina Business & EconomyChinese RegimejiangsuKunshanmigrant workerspower cutspower rationingSocial IssuesSuzhou
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The impact of state-enforced power cuts in parts of China is becoming evident with one example being worker unrest. Worker protests have broken out in a major city in the country’s east coast economic center the Yangtze Delta, due to lower wages and shortened work hours caused by power restrictions put on factories. In the…
NASA Researcher Pleads Guilty to Concealing China Ties
A senior NASA scientist pleaded guilty on Wednesday to lying about his ties with a Chinese-backed program designed to harvest talents from the West and transfer intellectual property to China, the Justice Department announced on Jan. 13. Meyya Meyyappan, 66, joined NASA (National Aeronautics and Space Administration) in 1996 and has been the chief scientist…
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