Chased by debt collectors over a mortgage delinquency in a southern Chinese city, former finance worker Lei Xiaoyu no longer answers her phone as she tries to delay the inevitable..
Rising Mortgage Defaults Bring More Pain to Chinese Households usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China's parliament is expected to unveil moderate stimulus plans to stabilise growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of bold policies to fix the country's deep structural imbalances. Premier Li Qiang will lay out economic targets for this year and deliver his first work report to the National People's Congress (NPC), China's rubber-stamp legislature, in the giant Great Hall of the People on the west side of Tiananmen Square. A pr
Chinese university graduate Zhang Baichuan travels hundreds of kilometres from one job fair to another in a final push to find a better offer than the unappealing one he received after more than 1,000 applications. He hopes the post-Lunar New Year recruiting season in China, when many companies advertise for new positions, brings more attractive opportunities than the livestream moderator role he was offered recently. While Zhang, 23, was fine with the 5,000 yuan ($695) monthly salary, with the company covering meals and accommodation, he dreaded the 12-hour shifts, six days a week - known in China as the "996" work culture.
BEIJING : As the annual meeting of China's parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to take bold policy decisions that safeguard the economy's long-term growth potential.The start of the year saw Chinese stocks tumbling to five-year lows on growth c