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Top related persons:
Antonio Fatas - 2 David Kirton - 1 Tony Xiong - 1 Qianhai - 1 Knight Frank - 1 Deng Xiaoping's - 1 Xi Jinping - 1 Xi - 1
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Search resuls for: "Antonio Fatas"


5 mentions found


☆ China's not-so-special economic zone embodies a harsh new reality
  + stars: | 2023-11-16 | by ( David Kirton | ) www.reuters.com   time to read: +9 min
REUTERS/David Kirton Acquire Licensing RightsSHENZHEN, China, Nov 16 (Reuters) - Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China's economic miracle. Office workers are not the only ones grumbling about the unattractiveness of Qianhai, a special economic zone where Chinese dreams of global financial might and economic prosperity that once seemed inevitable are now darkened by half-empty skyscrapers and shopping malls as well as barely used motorways. And that's before China's tallest skyscraper of over 1,000 metres and a cluster of other towers are completed. With China entering a new era of sluggish growth, Qianhai may never reach the international status to which it aspires. The Qianhai Authority and China's State Council Information Office did not respond to Reuters requests for comment on the local and macro economic challenges.
Persons: David Kirton, Tony Xiong, Qianhai, Knight Frank, Antonio Fatas, Deng Xiaoping's, Xi Jinping, Xi, Zhiwu Chen, incentivised, Witman Hung, I've, Brian Miller, Klaus Zenkel, it's, Bill Deng, Zhang, James Pomfret, Marius Zaharia, David Crawshaw Organizations: REUTERS, Rights, Reuters, Authority, Communist Party, University of Hong, Qianhai Authority, HSBC, UBS, Standard Chartered, Chamber of Commerce, Greater, Thomson Locations: Shenzhen, Guangdong province, China, Rights SHENZHEN, Hong Kong, Beijing, Shanghai, China's, Qianhai, University of Hong Kong, Guangzhou, Hengqin, Macau, Nansha, South China, Greater Bay Area, . Hong Kong
☆ Evergrande crisis tests Beijing's fallout management as creditor jitters mount
  + stars: | 2023-10-05 | by ( Xie Yu Clare Jim | Xie Yu | Clare Jim | ) www.reuters.com   time to read: +6 min
An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued demolition order, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 6, 2022. "The (investigation into Hui) clearly shows that Chinese policymakers prioritise political considerations to economic ones in dealing with Evergrande," he said. Evergrande and China's housing authority did not immediately respond to requests for comment during the week long National Day holiday. Gavekal in its report said that at the very least, an orderly restructuring of Evergrande seemed increasingly hard to achieve. A liquidation petition filed against Evergrande is scheduled for hearing in a Hong Kong court on Oct 30.
Persons: Aly, Hui Ka Yan, Hui, Xin Sun, Evergrande, Christopher Beddor, Sandra Chow, bondholder, Antonio Fatas, Xie Yu, Clare Jim, Kane Wu, Sumeet Chatterjee, Lincoln Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, lurched, East Asian, King's College London, SOE, Evergrande, Thomson Locations: Danzhou, Hainan province, China, HONG KONG, Beijing, homebuyers, Asia, Pacific, Gavekal, Hong Kong, Evergrande
☆ Russia is a burden for China, professor says
  + stars: | 2023-04-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia is a burden for China, professor saysAntonio Fatas, professor of economics at Insead, says "I don't think China wants to be seen as supporting Russia," but it's a "complex business."
☆ Singapore is set to hike its goods and services tax in January. Here's how it will work
  + stars: | 2022-12-29 | by ( Natalie Tham | ) www.cnbc.com   time to read: +6 min
Singapore's goods and services tax will be raised to 8% in January 2023. Ore Huiying | Bloomberg | Getty ImagesCome Jan. 1, Singapore will raise its goods and services tax, otherwise known as the GST, from 7% to 8%. The GST is a consumption tax imposed on nearly all goods and services in Singapore. With the change, all goods and services imported into Singapore, including imported goods purchased online, will be subject to the tax. Economists who spoke to CNBC held conflicting views on whether the tax hike will hit the nation's lowest earners harder than others.
☆ Economic pain is so bad right now that more companies are handing out up to $2,800 in inflation bonuses to keep their lowest-paid workers afloat
  + stars: | 2022-10-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
UK firms such as Virgin Media O2 and Monzo are handing out inflation bonuses to staff. This follows US businesses handing out one-off payments this summer to help workers. A growing number of firms globally are handing out one-off bonuses of up to $2,800 to keep lower-paid workers afloat as inflation outstrips pay and pushes prices higher. And UK banks such as Nationwide, Barclays, HSBC and Monzo are all offering one-off bonuses to staff. Although firms handing out cash is a significant and unusual move, workers rights' representatives say it isn't enough.
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