Open access notables
In this week s government/NGO section we have a survey from IPSOS gauging experience of climate change in the day-to-day by persons in the US, One in four Americans say climate change will make it harder to live in their area. Many people struggle to separate their sensory perceptions from matters of metaphysics, with ideology strongly coloring their worldview. We live in a world that is quantitatively different than that our parents were born into, but we don t necessarily see that:
The Chinese government has removed restrictions on home buying in at least three major cities including Dalian and Shenyang. The Xi Jinping-led country has been issuing supportive measures for the property sector across China, including lower mortgage rates for first-time buyers. The real estate sector has displayed a worrying trend in recent years.
At least three major Chinese cities last week removed restrictions on home buying, as the Asian giant gradually rolls back a crackdown on the property sector in a bid to revive its economy. Dalian and Shenyang, two of the most populous cities in the northeastern province of Liaoning, separately announced they will no longer restrict the number of properties residents can buy in most parts of the city, while offering subsidies for buyers and tax relief for sellers. Nanjing, the provincial capital of affluent Jiangsu province, said it would let people buy flats without proof of eligibility in four districts, effectively easing its last restrictions on home purchases.
A meeting-space start-up in China, co-founded by an American entrepreneur in 2018 and which tripled in scale during the Covid-19 pandemic, is looking to expand across major Chinese cities despite the country's growing economic woes and worsening relations with the US. Shanghai-based White Space, which offers venues for events and meetings on demand, has grown from four locations in 2019 to 12 since the beginning of this year. It is now looking to add at least one location each quarter in tier-on
China s leading property developer Country Garden is facing a potential bankruptcy. After missing bond payments and warning of multibillion-dollar losses, concerns are growing that Country Garden could follow in the footsteps of its competitor, Evergrande. The share price has reportedly plummeted by over 16% in Hong Kong, and its billionaire CEO Yang Huiyan feels their company is facing difficulties.