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They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New York, Chinese travelers have bought apartments in Japan and poured money into accounts in the United States or Europe that pay higher interest than in China, where rates are low and falling. The outbound shift of money in part indicates unease inside China about the sputtering recovery after the pandemic as well as deeper problems, like an alarming slowdown in real estate, the main storehouse of wealth for families. In some cases, Chinese are improvising to get around China’s strict government controls on transferring money overseas. They have bought gold bars small enough to be scattered unobtrusively through carry-on luggage, as well as large stacks of foreign currency.

Persons: Xi Jinping Locations: Tokyo, London, New York, Japan, United States, Europe, China

Not long ago, Chinese propaganda was warning that American attempts at easing tensions were mere performance. The country’s leader, Xi Jinping, declared that the United States was engaged in a campaign of “all-around containment, encirclement and suppression,” in remarks broadcast across state media. Now, the tone used to discuss the United States has suddenly shifted. game,” the article continued, describing a visit by Mr. Xi to the United States in 2012. “Veterans visit Chinese cities, anticipating everlasting China-U.S. friendship,” one headline declared.

Persons: Xi Jinping, Xi, “, ” Organizations: Xinhua, American Ballet Theater, Philadelphia Orchestra, Veterans Locations: United States, “, States, Iowa, China, Japan

A Washington state senator was arrested at a Hong Kong airport on charges of possessing a locally unregistered firearm, his office said on Monday. Jeff Wilson, a Republican who represents parts of southwestern Washington State, discovered the weapon on his flight from San Francisco to Hong Kong when he reached into his briefcase for a piece of gum, his office said in a statement. Baggage screeners in Portland, Ore., had failed to notice the unloaded pistol in his briefcase before he departed for his trip, letting it pass through airport security, according to his office. When he landed at Hong Kong International Airport, he told customs officials there about the gun. Mr. Wilson was arrested on Friday night, then released on bail on Sunday, his office said.

Persons: Jeff Wilson, Wilson Organizations: Republican, Hong Kong International Airport Locations: Washington, Hong Kong, Washington State, San Francisco, Portland ,

☆ For Single Women in China, Owning a Home Is a New Form of Resistance
▼ + stars: | 2023-08-18 | by ( Joy Dong | More About Joy Dong | ) www.nytimes.com time to read: +1 min

After she signed the contract for her new apartment in southern China, Guo Miaomiao, 32, ran through the mental list of what she would get to enjoy as a homeowner. And, most important, a way to defy expectations in China about the role that a woman should play in a marriage. “This gives me confidence that if I do get married, I won’t be afraid of anything. Even if I leave him, I can live independently.”Ms. Guo is one of a growing number of unmarried Chinese women buying property — a trend that strikes at one of Chinese society’s most deeply rooted gender norms. For centuries, men, no matter their income level, have been expected to own a home to be eligible for marriage.

Persons: Guo Miaomiao, “ I’ve, ”, Guo, Ms, “ Locations: China, Guangzhou

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