As the Chinese New Year approaches, many Hong Kongers have the tradition of travelling to Shenzhen to enjoy reunion dinners at lower cost with better service compared with back home. Lianhe Zaobao journalist Daryl Lim speaks with diners and restaurant managers to find out more about this trend during the festive season.
Warehouse stores were the preferred shopping format for Chinese consumers during the pandemic due to the vast space ideal for social distancing and the low cost for bulk items needed to reduce the number of trips outside. However, even with the end of the pandemic, this consumer trend remains. Lianhe Zaobao journalist Daryl Lim looks into the matter.
The real estate sector in China’s first-tier cities such as Beijing and Shanghai has recorded declining performance since the pandemic, with a full rebound still nowhere to be seen. Given the usual lag in the effectiveness of policies after implementation, will the real estate market see a silver lining ahead? Lianhe Zaobao correspondent Chen Jing tells us more.
Ahead of the 19th Joint Council for Bilateral Cooperation (JCBC) held in Tianjin, Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong shares his thoughts on Singapore-China relations, highlighting the need to renew and expand economic links, reimagine industries and reinforce close ties between the two countries.
Since travel and consumer spending resumed after the pandemic, a slew of mainland Chinese restaurants have chosen to venture into Hong Kong, hoping to gain similar success as they did before. However, the mainland Chinese brands are competing with the world’s fare in this food paradise. Lianhe Zaobao journalist Tai Hing Shing finds out more about this fiercely competitive market.
In a bid to boost home purchases in what has normally been the peak sales period of September and October, Guangzhou and Shenzhen have announced preferential policies for homebuyers. However, Lianhe Zaobao correspondent Chen Jing notes that market confidence is still at a low; are the new policies enough to boost the Chinese property market’s recovery?
Hong Kongers have recently found a nearby spending destination in mainland China: Shenzhen. Since the summer vacation, a steady wave of tourists from Hong Kong has crossed the border to visit the various shopping spots in the mainland Chinese city. Lianhe Zaobao journalist Daryl Lim shares his findings from interviews in Shenzhen.
Population figures are going down in China's major cities, not only in Beijing and Shanghai, but also in Shenzhen and Guangzhou. This trend is not only due to higher costs of living, but deeper concerns that prevent economies from finding a certain equilibrium after headwinds. Economist Li Jingkui explains.
Urban villages are a historical product of Shenzhen’s urbanisation process. Today, local governments may have good intentions in implementing “centralised leasing” (统租) and upgrading work, but existing tenants may feel they are being shortchanged. Daryl Lim looks into the matter.