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Community Renovation
Alongside China’s rapid urbanization, residential communities built in the 1980s and 90s lag far behind new ones in terms of building quality, facilities, environment and services.
Investment Concerns
There are many uncertainties for the first year of the 21st century’s third decade such as the coronavirus outbreak, trade conflicts and a trend toward anti-globalization.
Vehicle Sales
On March 3, Guangdong Province released a stimulus package to boost economic growth amid the coronavirus epidemic in which the government will offer a 10,000 yuan (US$1,419) subsidy to private consumers of electric vehicles and 3,000 yuan (US$426) to consumers of vehicles with stage-6 emission standards.
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Government Encourages Production and Consumption
The People’s Bank of China (PBoC) announced on March 13 that it would cut the reserve requirement ratio (RRR) of banks that meet the assessment criteria by 0.5-1 percent as of March 16.
29 Killed in Hotel Collapse
A quarantine hotel in Quanzhou, Fujian Province, collapsed on March 7, killing 29 of the 71 people trapped inside.
Chinese Scientists Unveil Subsurface of the Moon’s Far Side
Chinese scientists revealed in the journal Science Advances that they have explored the subsurface of the far side of the moon, finding that its structure is “primarily made up of low-loss, highly porous, granular materials with embedded boulders of different sizes.”