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Top related persons:
Liangping Gao - 2 Aly - 1 Ping - 1 COVID - 1 Economist Intelligence Unit's Xu Tianchen - 1 EIU’s Xu - 1 it’s - 1 ” - 1
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Shanghai China HONG KONG Beijing Rights BEIJING Chongqing Xinzheng Henan Province
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Thomson - 2 Shanghai Country Garden - 1 REUTERS - 1 Rights - 1 China's - 1 Garden - 1 Ping An - 1 Economist Intelligence - 1

Search resuls for: "Economist Intelligence Unit's Xu Tianchen"


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☆ Long before rescue talks, Country Garden struggled to build homes, pay bills
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +6 min
[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. "Nobody believed that Country Garden would fail. Country Garden declined to comment. In July, only weeks before it skipped debt payments, Country Garden launched a campaign on its WeChat channel titled “Beautiful Delivery”, showcasing newly built apartments and happy homeowners. Country Garden did not respond to questions about the payment or delivery disputes.
Persons: Aly, Ping, COVID, Economist Intelligence Unit's Xu Tianchen, EIU’s Xu, it’s, ”, Qiao Jingjing, Qiao, Clare Jim, Liangping Gao, Amy Lv, Laurie Chen, Antoni Slodkowski Organizations: Shanghai Country Garden, REUTERS, Rights, China's, Garden, Ping An, Economist Intelligence, Reuters, Observers, Jujiang, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, Beijing, Chongqing, Xinzheng, Henan Province, Lincoln
☆ White-collar wage cuts in China fuel deflation risks, hurt consumption
  + stars: | 2023-07-27 | by ( Ellen Zhang Marius Zaharia | Ellen Zhang | Marius Zaharia | ) www.reuters.com   time to read: +5 min
Financial firms and their regulators have cut salaries and bonuses after China's top graft-busting watchdog vowed to eliminate "Western-style hedonism" in the $57 trillion sector. "Wage cuts will intensify deflationary risks and reduce willingness to spend," said Zhaopeng Xing, ANZ's senior China strategist. Reuters GraphicsWEAK BARGAINING POWERUnilateral wage cuts are illegal in China, but complex salary structures offer ways around that. Shao, who sold make-up in the eastern city of Suzhou and only gave her surname for privacy reasons, had a choice to leave her company or accept a 50% wage cut. Their bargaining power ... is weakened so they tend to accept wage cuts," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin.
Persons: Yao, Zhaopeng Xing, ANZ's, Unit's Xu Tianchen, Zhaopin, Shao, Aidan Chau, Xu, he's, Xiangrong Yu, Ellen Zhang, Marius Zaharia, Liangping Gao, Kripa Jayaram, Kim Coghill Organizations: Communist Party, Financial, Economist, Reuters, Workers, China Labour Bulletin, Reuters Graphics Reuters, Citi, Graphics, Thomson Locations: China, BEIJING, HONG KONG, Hefei, Suzhou, Hong Kong, Shanghai, Beijing
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