Finance Archives - Rabbit Says https://www.rabbitsays.com/category/finance/ China News & Products Mon, 09 May 2022 07:37:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.8 https://www.rabbitsays.com/wp-content/uploads/2022/09/cropped-Rabbit-ears-pink-1-32x32.png Finance Archives - Rabbit Says https://www.rabbitsays.com/category/finance/ 32 32 The Most Severe Ecological Test of “China’s First Wine Town” https://www.rabbitsays.com/ecological-test-of-chinas-first-wine-town-2022-05-03/ https://www.rabbitsays.com/ecological-test-of-chinas-first-wine-town-2022-05-03/#comments Tue, 03 May 2022 08:36:26 +0000 https://www.rabbitsays.com/?p=3735 Maotai Town, Renhuai City, Zunyi, Guizhou Province is located on the banks of the Chishui River and is known as “China’s No. 1 Wine Town”. Because many wine companies have problems such as destroying the ecology and building without approval, the local government has recently been named by the central government. “Illegal construction and ecological […]

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Maotai Town, Renhuai City, Zunyi, Guizhou Province is located on the banks of the Chishui River and is known as “China’s No. 1 Wine Town”. Because many wine companies have problems such as destroying the ecology and building without approval, the local government has recently been named by the central government.

Ecological Test of "China's First Wine Town"
The Shiba River, a tributary of the Chishui River in Renhuai City, was notified for its water quality exceeding the standard

“Illegal construction and ecological destruction of liquor companies in the Chishui River Basin occur from time to time, posing a threat to the ecological environment of the basin.” On March 18 this year, the Central Second Ecological Environmental Protection Inspectorate Group pointed out to Guizhou Province that the water quality of the mainstream Chishui River is generally stable at the surface water class II standard, but some river basins and regional ecological environment problems are still relatively prominent. Among the 11 tributaries of the Chishui River flowing through Maotai Town, Zunyi City, 4 of them are of inferior V class.

Behind the ecological problems is industrial chaos. The inspection team pointed out: “Renhuai City’s implementation of the relevant industrial development regional layout planning is not strict, and the illegal use of land is restricted and standardized development areas, and construction without approval are prominent. Since 2020, Jinjiang Wine Company has illegally occupied forest land twice. It was investigated and dealt with, and some mountains and woodlands were destroyed.”

The tributaries were black and smelly

The Chishui River originates from Zhenxiong, Yunnan, with a total length of more than 500 kilometers. It is an important tributary of the upper reaches of the Yangtze River. Many brands such as Maotai, Langjiu, and Luzhou Laojiao have been bred on both sides of the river, so it is known as China’s “Beautiful Wine River”. Renhuai City is a regional central city in the Chishui River Basin and a core production area of ​​the world’s high-quality Maotai-flavor liquor.

Chishui River has made liquor enterprises, and liquor enterprises have driven the local economy. The materials provided by Renhuai City show that Renhuai is the origin and main producing area of ​​Chinese Maotai-flavor liquor, and the liquor industry is Renhuai’s leading industry and an important economic engine. In 2021, the city will achieve a regional GDP of 156.449 billion yuan, its economic aggregate will rank 12th among the top 100 counties and cities in the country, and its comprehensive strength ranks 4th among the top 100 western counties. In 2021, there are 106 liquor enterprises above the designated size in the city, and the total output value of the liquor industry will increase by 29.9% year on year; the packaging volume of liquor will be 197,800 kiloliters, a year-on-year increase of 31.5%.

While the Renhuai liquor industry is developing rapidly, the pollution problem of the Chishui River is frequently reported in the newspapers. On July 26, 2021, the official website of the Department of Ecology and Environment of Guizhou Province released an article “The pollution of the Renhuai section of the Chishui River in Zunyi City still remains, and the regional environmental problems are prominent”. The article stated that in April 2021, the seventh ecological and environmental protection inspection team of Guizhou Province inspected Zunyi City and found that the liquor industry in Renhuai City developed disorderly, and the pollution control was not well promoted.

“The 2019 National Yangtze River Economic Belt warning film revealed that the liquor enterprises in Renhuai City were discharging excessively, the centralized sewage treatment facilities were not operating normally, and the tributaries of the Chishui River were seriously polluted. The waste water pollution control of the liquor industry will be completed before the end of the year, and the water quality targets of Class III will be achieved in each stream.” The seventh ecological environmental protection inspection team of Guizhou Province criticized and pointed out that the inspection team found that the Renhuai Municipal Government and relevant functional departments did not plan well. Liquor enterprises developed disorderly, pollution control progressed slowly, and the pollution of various streams and ditches remained, and regional environmental problems were prominent.

The provincial inspection team pointed out in April last year that there are 1,690 liquor companies in Renhuai City, of which 778 are in production in 2021. In 2021, among the liquor enterprises in production in Renhuai City, the cooling water is mainly water-cooled. According to the requirements of relevant standards and regulations, cooling water must be collected and treated and reused, and the reuse rate is not less than 80%.

“However, except for a few companies such as Moutai Liquor Co., Ltd., which built cooling water circulation treatment systems as required, most of the remaining liquor companies built simple cooling pools on roofs and factory areas, which failed to meet relevant standards and specifications. The cooling water with high temperature and high concentration is directly discharged into the external environment, increasing the pollution load of each stream.” The official website of the Guizhou Provincial Department of Ecology and Environment criticized several companies. The cooling water of Renhuai Wenyang Wine Industry Co., Ltd. was discharged directly, and the water quality was black; the cooling water pipe network of the Jincheng Wine Industry was disorganized, and external drainage pipes were set up; the cooling water collection pool of Jinmao Ancient Winery had wastewater overflow.

Qiu Shuyi, dean of the College of Brewing and Food Engineering of Guizhou University and director of the Guizhou Provincial Key Laboratory of Fermentation Engineering and Biopharmaceuticals, said that in the past, the sewage treatment capacity of Renhuai City was limited, and some wineries were not standardized, and some were in order to save money. There is the phenomenon of sewage discharge to the Chishui River, especially in the rainy season, this phenomenon is more prominent. In addition, some enterprises did not have anti-leakage and anti-seepage devices in their cellars, which resulted in the extravasation of cellar bottom water.

Ecological Test of "China's First Wine Town"
The brewing workshop of a winery in Maotai Town

Official monitoring data shows that the water quality of Shiba River, Renxi Valley, Lanjiawan, Yuanmuyan and Shengli Valley, the tributaries of Chishui River in Renhuai City, all exceeded the standard. From January to March 2021, the COD (chemical oxygen demand) of Lanjia Bay is as high as 251mg/L; the COD of Renxigou water quality is as high as 165mg/L, both of which are inferior to Class V water quality. The inspection team believes that some liquor companies have weak awareness of environmental protection, frequent violations of laws and regulations, and the situation of water pollution prevention and control in some creeks in the Renhuai section of the Chishui River is severe.

Many wine companies “get on the bus first and then make up the ticket”

In the relevant circulars of the environmental protection inspection teams of the central government and Guizhou Province, it is mentioned that many local wine companies have problems with the building before approval.

Inspectors from the seventh ecological and environmental protection inspection team of Guizhou Province found that there are still 20 production enterprises in the prohibited development zone planned by Renhuai City that has not yet been relocated. After random inspections, some liquor companies have illegally occupied land, and environmental impact assessments have been “built before approval”. Bayi Liquor, Xixiangfeng Liquor, Jinjiao Liquor, etc. were put into the construction without going through the approval procedures for land use; Maotai Town Collection Liquor, Maoding Liquor Co., Ltd., and Jinmao Ancient Liquor Phase II project did not go through the environmental impact assessment procedures. The second central ecological and environmental protection inspection team pointed out that since 2020, Jinjiang Wine Industry has been investigated for illegal occupation of forest land twice, and some mountains and forest land have been destroyed.

According to the official website of Jinjiang Liquor Industry, the company is only separated by a river from Kweichow Moutai Distillery. In 1996, “Jinjiang Wine Industry Co., Ltd., Maotai Town, Renhuai City, Guizhou Province” was established. In 2013, it reached a strategic cooperation with Hangzhou Wahaha Group and established Lingjianguo Wine Co., Ltd., Maotai Town, Renhuai City, Guizhou Province. The company currently has an annual production capacity of more than 5,000 tons of high-quality Maotai-flavored wine, covers an area of ​​more than 300 acres, and has more than 350 employees. According to the data, Wang Hongbin, chairman of Jinjiang Wine Industry, has won honors such as “Guizhou Wine Craftsman” issued by the Guizhou Provincial Federation of Trade Unions.

“China News Weekly” investigated and learned that the above-mentioned unapproved pre-construction project refers to the “Maotai Town Maotai Wine Valley” project developed and invested by Jinjiang Wine Industry, which started construction on the morning of November 3, 2020. According to the relevant information from Jinjiang Wine Industry, the Maoxiang Wine Valley project has a total investment of 600 million yuan, covers an area of ​​130,000 square meters, and has a total construction area of ​​160,080 square meters. The construction content of the project includes sauce wine culture base, sauce wine exhibition and sales center, sauce wine culture exchange center, sauce wine valley cultural museum, sauce wine valley ancient method brewing area, packaging workshop, comprehensive building, office building, expo hall, etc. The construction period is 2 years, 1 year for decoration, to ensure that it will be put into operation within 3 years.

Ecological Test of "China's First Wine Town"
There is a shop in Renhuai City that sells the self-proclaimed “Maotai Sanjiu” in Maotai Town, and the cheapest price is only 18 yuan per catty

On April 3, when the reporter visited the Maotai Wine Valley project, they found that the project is located on a mountain opposite the Maotai International Hotel and is now in a state of shutdown. An executive of a nearby company revealed that Jinjiangjiu Valley was suspended last year due to ecological damage. “When some nearby wine companies expanded, everything went smoothly. But when Jinjiang Wine Industry did this project, it made too much noise.”

The contractor of Maoxiang Liquor Valley is Sichuan Honglin Construction Group Co., Ltd. A staff member of the company said that the shutdown of the project was the reason for the owner (Golden Jam Company). “It seems to be related to ecological destruction and construction without approval.” A person in charge of the administrative department of Jinjiang Company confirmed to “China News Weekly” that the Jiangxiang Wine Valley project was indeed suspended last year, and there is no construction permit yet. “After all, this is a construction project without approval and needs to be rectified, so Sichuan Honglin Company dare not continue construction.”

The person in charge said that the Jinjiang Wine Industry’s destruction of forestland mentioned by the Central Second Ecological Environmental Protection Inspectorate also occurred during the construction of Maoxiang Wine Valley. “Actually, the small saplings on the hillside were destroyed at that time, and the forest has not yet become a forest.” The person in charge said that Jinjiang Wine Industry won the land a few years ago, and the current forest land license has been approved. The company has also reported the relevant materials for the application for the construction permit to the Housing and Urban-rural Development Bureau, and is under review. “Other procedures are complete and are being reported in accordance with standard procedures. As for when to start construction, we are also waiting for the results.”

Guizhou Bayi Wine Industry (Group) Co., Ltd. (referred to as “Bayi Wine Industry”) and other companies also have the problem of building before approval. A staff member of Bayi Wine Industry told said that when the company was expanding, some procedures were not completed before starting construction, and now it has been suspended due to lack of construction permits. “We are speeding up the relevant procedures, and some procedures may not be completed in two years.”

A number of local entrepreneurs interviewed said that many wine companies in Renhuai City have problems of building before approval, and there are certain “pragmatic considerations”. The local government has always attached great importance to the development of wine enterprises, but the many characteristics of the mountains have restricted the development of wine enterprises. In order to solve this dilemma, the local government buys the quota of non-local cultivated land in a balanced way to achieve new construction land and meet the needs of enterprise development, but this requires a process. In order to develop, some enterprises can also “make up for the formalities while building”.

Qiu Shuyi also said that in the past, some wine companies “emphasized development and neglected management”. Coupled with the shortage of land construction indicators in Guizhou Province, it took a long process for some companies to obtain a piece of land. In this context, in order to start work as soon as possible, some wine companies have the situation of “getting on the bus first and then making up the ticket”.

From the “Adjustment and Improvement Plan of Renhuai City Land Utilization Master Plan (2006-2020)” formulated by Renhuai Municipal Government in July 2017, it can be seen that the whole city of Renhuai is dominated by mountains, accounting for about 86.7% of the total land area. , the dam only accounts for 1.9% of the total land area.

It has become Renhuai’s top priority to supplement the shortage of construction land indicators by purchasing arable land indicators and balancing the occupation and compensation. The above-mentioned “Plan” mentioned that in order to complete the task of balancing the occupation and compensation of cultivated land, from 2010 to 2014, the city purchased 809.42 hectares of cultivated land from Hezhang County, Tongzi County, Fenggang County, Zheng’an County, Wuchuan County and Daozhen County, and the amount of cultivated land accounted for and compensated was 809.42 hectares. To balance the source of the main indicators, it is necessary to rely on off-site purchases, and it is more difficult to supplement locally.

During the implementation of the above-mentioned plan, the whole city of Renhuai supplemented 674.67 hectares of arable land through land development, reclamation and reclamation, which only fulfilled 34.6% of the planned target in 2020, and was less than half (46.65%) of the total area of ​​arable land occupied by new construction in the city during the same period . The speed of construction occupying arable land far exceeds the speed of replenishing arable land.

The main reason for the rapid occupation of arable land for construction is that Renhuai City’s “national wine industry has developed rapidly, and the scale of construction land has grown rapidly”. The above plan determines that by 2020, the total scale of new construction land, agricultural land occupied by new construction, and cultivated land occupied by new construction will be controlled within 3,329.00 hectares, 2,385.00 hectares, and 1,811.00 hectares, respectively. In 2014, the city’s total scale of new construction land was 3049.21 hectares, the total scale of agricultural land occupied by new construction was 2567.08 hectares, and the total scale of cultivated land occupied by new construction was 1446.15 hectares. “The implementation of the current plan is just over halfway through, and the construction land index and use progress have reached about 90%, and some have exceeded 100%.”

The shortage of land indicators has also led to skyrocketing prices. In July 2021, Lv Yuhua, executive vice president, and secretary-general of Zunyi City (Renhuai City) Liquor Industry Association, once said: “Now Renhuai’s land is gold. An enterprise needs one mu of land, including resource compensation fees, no matter whether it is Diaoyutai or Maotai, it used to be 40,000 to 51,000 acres, and now it is more than 500,001 acres, and some are even close to 700,000.”

Ecological Test of "China's First Wine Town"
In April 2019, in the Maotai Town section of the Chishui River, the houses along the river were full of billboards of large and small wineries.

Rectification problems

In order to consolidate land, facilitate supervision, and control pollution, the Renhuai Municipal Government is taking measures such as merger and reorganization of “small, scattered and weak” wine companies. The Renhuai Municipal Party Committee Propaganda Department sent a written reply to “China News Weekly” stating that the Renhuai Municipal Party Committee and Municipal Government made it clear that in the next three years from 2021, more than 600 “small and weak” liquor enterprises will be comprehensively managed.

The rectification goal is to achieve a significant decrease in the total number of Renhuai liquor production enterprises and a substantial increase in enterprises above the designated size by 2025. “Shut down and transfer, all foreign non-physical capital investment projects will be suspended, and no expansion of production capacity without approval will be allowed.

Renhuai City regards it as a “slimming revolution” in the liquor industry. On September 7, 2021, the Renhuai Municipal Government Office issued the “Notice of Guiding Opinions on the Implementation of Mergers and Reorganizations of Liquor Enterprises in Renhuai City”, which clearly aims to make the reorganized liquor enterprises complete with complete certificates and licenses by promoting the merger and reorganization of liquor enterprises. The procedures are legal, safe and reliable, eco-friendly, high-quality, and efficient, and the independent annual output of Daqu Maotai is more than 400 tons, and the new liquor enterprise project construction capacity is more than 2,000 tons of Daqu Maoxiang liquor per year. The document also clarifies the staged industrial cluster development goals of the Renhuai sauce wine industry. By 2025, the city’s liquor output will reach 450,000 kiloliters, the total output value of the liquor industry will reach more than 150 billion yuan, and the tax revenue will exceed 60 billion yuan. A liquor industry cluster with one hundred-billion-level enterprise, three ten-billion-level enterprises, more than 10 billion-level enterprises, and 40 100-billion-level enterprises has been initially formed, and the upstream and downstream industrial chain of liquor has been further improved.

In the process of merging and reorganizing liquor enterprises in Renhuai City, how to withdraw in an orderly manner of “small, scattered and weak” still faces many obstacles, and there is a dilemma in the Renxigou area of ​​Maotai Town.

Renxigou is located in the tributary of Chishui River and belongs to Yantan Village. Yantan Village is located in the core area of ​​China’s wine capital wine industry and the development of the tertiary industry. A number of interviewed local wine company owners said that around 2000, some wine companies have sprung up near Renxi Valley, and there are currently 18 wine companies (including workshops).

Jindong Group is planning to build a Maotai-flavor liquor brewing base in Renxigou. When China News Weekly visited Yantian Village, it found that a huge billboard was posted in the village with the words “Aerial View of Jindong Sauce Wine Brewing Base Planning”. According to the official website of Jindong Investment Group Co., Ltd. (“Jindong Group”), the company was founded in 1996 and has formed a business model of “industry + investment”. Jindong Group has 15,000 employees and total assets of more than 30 billion yuan.

Ou Jie, chairman of Maotai Town Hanwang Wine Co., Ltd., told China News Weekly that Hanwang Wine currently has 356 cellars and more than 200 workers, which is the largest of the 18 wine companies (including workshops) in Renxigou. “For Hanwang Liquor, we will obey the government’s arrangement whether it will be merged or upgraded in the future.”

However, in Renxigou, except for a few wine companies such as Hanwang Wine Industry, the others are mostly smaller wineries or workshops. For these business owners, they are more worried about whether they will face the fate of being directly shut down in the future. The dissatisfaction of wine business owners is that they invested a lot of money last year to support the “four reforms” work and to continue production, but now the company is once again facing the problem of survival. “In order to make a company bigger and stronger, why did the government kill more than a dozen companies here? No matter how big or small, as long as companies are legal and compliant, they should not be discriminated against.”

The relevant video provided by Wu Mingyong shows that on March 2, 2022, the Renhuai Municipal Government convened the heads of 18 enterprises in Renxigou to hold a “Renxigou Liquor Development and Utilization Project Enterprise Symposium”. At the meeting, the government has not yet clarified the relocation plan and compensation plan. A number of people in charge of Renxigou wine companies told China News Weekly that the region has a great impact on the quality of Maotai liquor. Compared with economic compensation, they are more worried about whether they will be able to brew the same wine in the future if they leave here. Wine of the same quality.

In September 2021, the public account “Understanding Wine” published the article “Renhuai Wine Company Mergers and Reorganizations Are Coming”. The article said that as early as 2007, Renhuai issued guidance on the integration of resources for small and medium-sized liquor production enterprises, and planned to complete the integration of small and medium-sized liquor enterprises in two years from January 1, 2008. However, this big integration is not over. For this merger and reorganization, from March 2020, Renhuai began to prepare for the merger and reorganization of wine companies.

The article quoted an insider in Renhuai City as saying that if it wasn’t for the epidemic, this work would have been fully launched in early 2021. This merger and reorganization are very different from the past. In the past, the government was relatively poor and could not spend much money to solve the social contradictions in the process of large-scale integration. Now, the government is relatively rich in finance, and industrial upgrading and environmental protection, and ecological improvement have reached a critical point. This forces the local government to push forward mergers and acquisitions to ensure the healthy development of the Renhuai sauce wine industry cluster.

“Mergers and reorganizations and becoming bigger and stronger are the dreams of several generations of Renhuai’s leaders. However, the strong government intervention and the flexibility of market allocation of resources are two sides of the difficult decision of Renhuai wine companies. Except for Moutai Group, there are very few wine companies in Renhuai. Except for state-owned holding companies, most of them are small-scale private companies.” The article analyzed that they prefer the government to lessen the strong integration of “lalang matching” style, but let the market allocate resources. However, if mergers and acquisitions are not carried out, it will be difficult for the government to supervise small, scattered and disorderly wine companies. Once the Chishui River suffers major environmental pollution, it will be difficult for the Renhuai sauce wine industry to resist ecosystem risks.

Some analysts believe that the measures taken by the Renhuai Municipal Government to transform and upgrade local wine companies, mergers and reorganizations are the general trends, which is conducive to cultivating and expanding the cluster of key liquor enterprises and standardizing the order of liquor production and operation. However, in this process, how considering the legitimate demands of enterprises also tests the government’s governance ability.

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Once Ranked first, Dali’s House Has Been Listed for 2 Years and Can’t be Sold https://www.rabbitsays.com/once-ranked-first-dalis-house-has-been-listed-for-2-years-and-cant-be-sold-2022-04-20/ https://www.rabbitsays.com/once-ranked-first-dalis-house-has-been-listed-for-2-years-and-cant-be-sold-2022-04-20/#comments Wed, 20 Apr 2022 08:10:41 +0000 https://www.rabbitsays.com/?p=3680 As the first-generation Internet celebrity tourist city, Dali became popular in 2014 after the movie “Bright Heart” was released. The theme song of the movie was called “Go to Dali”, which sang “All the way to the west, to Dali”. With the fire of the movie, Dali also became a tourist destination that many people […]

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As the first-generation Internet celebrity tourist city, Dali became popular in 2014 after the movie “Bright Heart” was released. The theme song of the movie was called “Go to Dali”, which sang “All the way to the west, to Dali”. With the fire of the movie, Dali also became a tourist destination that many people yearn for.

Dali, housing prices continue to fall
Dali, Shuanglang

From 2015 to 2017, in two years, the number of hotels, homestays and inns in major scenic spots such as Dali Ancient Town and Shuanglang has doubled; in 2017 alone, nearly 1,000 hotels, inns and homestays have been added in Dali Ancient Town.

“When it’s hottest, it doesn’t matter if you can’t book a room at all, even if you live in, once it’s check-out time, if you don’t check out in time, your luggage will be taken out by the staff and put at the door because new tourists are waiting.” Lemon, the owner of a homestay in the ancient city of Dali, told the “Daily Economic News” reporter.

However, affected by the pandemic in the past two years, the number of tourists in Dali has dropped sharply. “On the first day of the Qingming holiday last year, our hotel received 22 groups of customers, but on the first day of this year, there were only 4 groups.” Lemon said that compared with previous years, the price of the small holiday inn can be slightly increased. This year, “it is better to lose money.” Indeed to make money, as far as I know, some bars also offer cocktails for 1 yuan a glass, vodka for 5 yuan a glass… in order to attract customers to come into the store, and then bet they can spend something else.”

Dali, housing prices continue to fall
Dali, housing prices continue to fall
  • This situation is reflected in real estate, and the same applies.

As a tourist destination, Dali’s popularity is being surpassed by other cities. Previously, Dali attracted many people to buy a house due to its unique tourism resources. “There are really a lot of tourists living in Dali.” Wu Kui, a real estate agent in Dali’s Deyou store, told the “Daily Economic News” reporter, “There are very few other tourist cities like Dali that can attract a person to travel here, and then choose to live here.”

Migrants from other cities soared has also caused local housing prices to rise. Some netizens recalled on social platforms: “In 2016, I bought a four-bedroom set in Xiaguan, 5,000 yuan/square meter. A year later, the high-speed rail was connected, and the new houses around the market rose to 14,000 yuan/square meter. Fortunately, I Buy it early, or you really can’t afford it.”

According to the “Hurun 2019 Global House Price Index”, Dali’s housing prices rose by 20.2% in one year from 2018 to 2019, making it the city with the highest housing price increase in China and the second largest in the world.

However, house prices in Dali have continued to drop in recent years.

Kerui data shows that in 2021, the overall housing price of Dali will drop by 6.47% to 10,924 yuan / square meter. As of March this year, among the cities in Yunnan, only the provincial capitals Kunming and Dali, the average price of new commercial housing exceeds 10,000. In the first quarter of this year, the transaction volume of new houses in Dali was less than 100,000 square meters.

  • The house has been listed for two years, but it cannot be sold.

In 2018, the most popular year in Dali, Zhang Qian spent more than 1.2 million yuan to purchase a 101-square-meter property in Xiaguan.

“I just came to Dali for tourism at that time, I wanted to see the landscape here, but I didn’t expect that I was attracted and bought a suite.” Zhang Qian recalled, “Maybe because I am a northerner, I have no resistance to the landscape of Dali. In particular, there is Erhai Lake in Dali, and the humidity is very high. For me, who has lived in a dry area in the north for a long time, it is simply a fatal temptation.”

After discussing with her family, Zhang Qian, who had seen several real estate projects, bought the current suite. “The down payment is 500,000 yuan from the family, and now the monthly mortgage payment is more than 3,500 yuan.” Zhang Qian said, “At that time, Dali real estate was basically not worried about selling, in addition to being able to come and live for a few months every year, you can also use it as an investment.”

However, the house was delivered at the end of 2019, and the pandemic interrupted Zhang Qian’s dream. “After the house was delivered, we visited in July 2020 and mid-2021, and it has not been decorated yet.” It was also in 2020 that Zhang Qian decided to sell the house.

“The family still thinks that the house is too large, and the monthly mortgage pressure is a bit high, and they only go to stay for a while every year. There is no need to be too big, we want to change a house of 70 to 80 square meters.” For this, the house was listed for sale by Deyou store for 1.25 million yuan.

However, since November 2020, house prices in Dali have continued to decline, and the decline has continued to expand. As of March this year, the price of new houses in Dali fell by 5.7% year on year, and the price of second-hand houses fell by 4.7% year on year.

The listing price of Zhang Qian’s house has also continued to drop, from the initial 1.25 million yuan to the current 1.05 million yuan. “There is no way. There have been very few people asking about this house in the past two years. Now I want to sell it as soon as possible.”

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Pandemic Control, Fund Practitioners Rushed to the Company Overnight in Shanghai https://www.rabbitsays.com/pandemic-control-fund-practitioners-rushed-to-the-company-overnight-in-shanghai-2022-03-28/ https://www.rabbitsays.com/pandemic-control-fund-practitioners-rushed-to-the-company-overnight-in-shanghai-2022-03-28/#respond Mon, 28 Mar 2022 12:48:52 +0000 https://www.rabbitsays.com/?p=3603 On the evening of March 27, the Shanghai Pandemic Prevention and Control Leading Group decided to carry out a new round of dicing and grid nucleic acid screening across the city. From 5:00 on March 28, the nucleic acid screening will be carried out in batches with the Huangpu River as the boundary, and Pudong […]

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On the evening of March 27, the Shanghai Pandemic Prevention and Control Leading Group decided to carry out a new round of dicing and grid nucleic acid screening across the city. From 5:00 on March 28, the nucleic acid screening will be carried out in batches with the Huangpu River as the boundary, and Pudong and Puxi will be sealed and controlled in batches.

Since March 28 is a trading day, the impact of the new lockdown policy on Shanghai fund companies has drawn attention.

Shanghai Lujiazui, financial center
Shanghai Lujiazui, financial center

The reporter noticed that last night, a picture about “work subsidies for some fund companies” circulated on the Internet, which said: “Financial companies in Pudong require employees to enter the company before 12 o’clock”, and there are subsidies for living in the company: Fuguo Fund 2000 yuan/day, Yongying Fund 1000 yuan/day on weekdays, HuaAn Fund 1000 yuan/day, Guotai 1000 yuan/day, HFT Fund 500 yuan/day, and 2000 yuan/day in the weekend.

On March 28, the reporter called some fund companies in Shanghai for verification, and a customer service staff of HFT Fund said: “After receiving the notice of closure and control in Shanghai last night, I came to the company and will be on duty in the company until the lockdown is lifted.”

Another relevant person in charge of the HFT Fund told the reporter that HFT currently adopts a duty system, some employees in core positions will work on-site at the company, while the rest of the colleagues work from home.

Regarding the statement on the Internet that “Haifutong’s on-site office subsidy is 500 yuan/day on weekdays and 2,000 yuan/day on weekends”, the above-mentioned person in charge said that this is the company’s policy and it is inconvenient to disclose.

The staff of Yongying Fund told the reporter that they went to work normally on Monday trading day, and some staff worked from home. HuaAn Fund and Industrial Fund also adopted the same approach, with some staff working on-site and some working from home.

In fact, as early as mid-March, almost all major fund companies in Shanghai adopted the “on-site + remote” flexible working method. According to China Fund News, while many fund companies are starting telecommuting, various departments are dynamically taking stock of department personnel and implementing AB post preparation arrangements, such as China Universal Fund, Fuguo Fund, Industrial Securities Global Fund, and Agricultural Bank of China Fund.

The reporter noticed that Sheng Fengyan, the fund manager of the Western Profit Fund Company, posted on Weibo on March 15 and said: “In order to avoid the risk of being unable to go to work due to the isolation of the community, I have been living in the company for a few days.”

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Covid-19: Chinese Patients Who Depend on Indian Drugs for Lives https://www.rabbitsays.com/covid-19-chinese-patients-who-depend-on-indian-drugs-for-lives-2020-09-11/ https://www.rabbitsays.com/covid-19-chinese-patients-who-depend-on-indian-drugs-for-lives-2020-09-11/#respond Fri, 11 Sep 2020 08:01:39 +0000 https://www.rabbitsays.com/?p=3451 Chinese patients who depend on Indian drugs for their lives have been helpless this year with unscheduled flights, noway to mail, and strict customs inspections. As a result, some packages have been on the road for more than 80 days. A package sent from New Delhi, India to Jiangxi Province, China, contains medicines that patients […]

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Chinese patients who depend on Indian drugs for their lives have been helpless this year with unscheduled flights, noway to mail, and strict customs inspections. As a result, some packages have been on the road for more than 80 days.

Indian Drugs, Chinese
Indian Drugs, Chinese

A package sent from New Delhi, India to Jiangxi Province, China, contains medicines that patients depend on for survival. In February and March, the life-saving package took 42 days and 20 hours to arrive. But usually, it only takes a week or two.

Indian generic drugs, because of their low prices, in China, cancer patients, HIV-infected patients, and chronic disease patients have formed a secret and huge drug purchase group. Every day, many of the express delivery from India to China are anticancer drugs or AIDS drugs.

The common feature of these patients is that they cannot stop the medication, but the epidemic disrupted their medication rhythm.

On July 23, 2020, an official document from the Department of Posts and Telecommunications of the Ministry of Communications of India once again made Chinese patients worry: from July 25, India’s international EMS is only open to more than 20 countries on the list, and there is no China.

Officials of the Indian Post confirmed the news to a reporter from Caijing on August 4, explaining that due to limited flights between the two countries, business to China was suspended. “But we are weighing the situation and we hope to resume services to many destinations including China.”

A few days later, news came that from August 6th, international EMS services from India to China resumed, but it was also emphasized that during the epidemic, the capacity was still insufficient, and parcels might still be postponed or there might be no flights. “The reporter confirmed again.

Six months after the new coronavirus pneumonia swept the world, there have been multiple suspensions in the mailing of drugs from India to China in 2020. Chinese patients have no choice but to accept the reality, such as price increases, and it is difficult to distinguish between true and false drugs.

Relying on global medical resources to find a way to cure diseases is always blocked this year. Some severely ill patients used to hope to go abroad to see a doctor, but this year they were delayed due to poor traffic in the epidemic and severe epidemic at their destination.

In 2020, Chinese patients still hope to be supplemented by foreign medical resources, but they have to endure more uncertainty.

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Loss of 10 Billion, another Aviation Giant Has Experienced the Biggest Dilemma https://www.rabbitsays.com/loss-of-10-billion-another-aviation-giant-has-experienced-the-biggest-dilemma-2020-08-22/ https://www.rabbitsays.com/loss-of-10-billion-another-aviation-giant-has-experienced-the-biggest-dilemma-2020-08-22/#respond Sat, 22 Aug 2020 15:50:51 +0000 https://www.rabbitsays.com/?p=3437 On August 20, local time, Australia’s largest airline-Qantas’ 2020 financial report showed that up to now, the company has lost 1.964 billion Australian dollars (approximately RMB 10 billion), which is Qantas’s first loss in the past 6 years. In this regard, the Qantas CEO said that this is the biggest dilemma the company has experienced […]

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On August 20, local time, Australia’s largest airline-Qantas’ 2020 financial report showed that up to now, the company has lost 1.964 billion Australian dollars (approximately RMB 10 billion), which is Qantas’s first loss in the past 6 years.

In this regard, the Qantas CEO said that this is the biggest dilemma the company has experienced since its founding 100 years ago.

Income dropped by 82% during the epidemic

The financial report shows that in fiscal 2020, Qantas’ revenue fell by 20.6% year-on-year to A$14.257 billion, of which, affected by the epidemic, revenue from April to June this year decreased by 82%.

Net profit for the 2020 fiscal year fell 333.8% year-on-year to a loss of 1.964 billion Australian dollars (about 10 billion yuan).

The company’s announcement also stated that in the year ended June 30, 2020, the group completed an over-the-counter stock repurchase of 443 million yuan. The Group purchased 79.7 million issued common shares at a discount of 5.56 yuan (market price of 6.47 yuan, calculated at a 14% repurchase discount).

In February 2020, the group distributed a dividend of 13.5 Australian cents per share and an over-the-counter share repurchase of up to A$150 million. In order to cope with the impact of COVID-19 and maintain liquidity, the over-the-counter stock repurchase plan was subsequently canceled in March 2020, and the interim dividend distribution plan was canceled in June 2020.

On the day when Qantas released its earnings report, its share price opened low and stabilized. As of the close, it rose 3.72% to close at 3.9 Australian dollars.

Overview of QNA
Overview of QNA

Layoffs, grounding, 20,000 people on standby

In March this year, due to the spread of the epidemic, the Australian government imposed an entry ban on all international visitors. Only Australian citizens, permanent residents, and their close relatives can enter the country. Australian citizens are not allowed to leave the country.

As the international epidemic situation is getting more and more severe, Australian Prime Minister Morrison said in August that at least “a few months” in the future, such border closure measures will be implemented. This means that Australia may not be able to open its borders until 2021.

It is understood that at the beginning of the epidemic, Qantas announced that it would suspend international flights until the end of July; in June, as the epidemic has not stabilized, Qantas announced that it would extend the suspension until the end of October; in July, due to the repeated epidemic, Qantas Airways once again announced that the decision to suspend flights will be postponed until the end of March next year.

According to Qantas’ 2019 financial report, the company’s pre-tax profit on international routes is as high as 3.7 billion Australian dollars (approximately 18.3 billion yuan). In other words, the stagnation of international routes is tantamount to reducing revenue by half for Qantas.

At the same time, according to foreign media reports on August 20, the current capacity of Qantas is only 1% to 2% of that before the epidemic.

In the case of serious losses, Qantas had to start “self-help”. The first is layoffs to reduce operating costs. In June, Qantas announced plans to lay off 6,000 people. Currently, the company still has 20,000 people waiting for work at home; secondly, it will ground 100 passenger aircraft in the coming year. It is said that these measures will save 10 billion Australian dollars in expenses.

While throttling, Qantas also strives to increase revenue. According to foreign media news on August 16, although the resumption of international flights is a long way off, Australian Airlines came up with an idea of ​​”Antarctic sightseeing flights”. That is, take Australian passengers to sightsee over Antarctica, but the plane will not land in Antarctica, but fly back to Australia after a circle.

Selling “business class pajamas”

In addition, Qantas also launched the “care package” sales business, selling a “care package” containing business class pajamas, Tim Tam biscuits, and extra comfort kits for 25 Australian dollars (about 124 yuan) to clean up excess inventory to raise much-needed cash.

When Qantas launched its “care package”, it said that these packages would be the perfect gift for friends and family members who are living in lockdown during the epidemic.

Care package
Care package

Each $25 care package will include:

  • Two sets of Qantas Business Class pajamas
  • Business-class comfort package with mini ASPAR products
  • 12 individually packaged Tim Tam biscuits
  • 200g pack of first-class smoked almonds
  • A pack of 10 T2 lemongrass and ginger tea bags

The second-largest airline has gone bankrupt

In April this year, Australia’s second-largest airline, Virgin Atlantic, declared bankruptcy after the Australian government refused to allocate 200 million Australian dollars for its “life extension”. Tens of thousands of employees were unemployed.

The financial report shows that Virgin Australia has suffered losses year after year. The total loss in the past ten years has exceeded 2.1 billion Australian dollars. The actual debt is as high as 5 billion Australian dollars (approximately 22.4 billion yuan). The company has unaccounted debts of 4 billion Australian dollars, but its market value is only 7.2 Billion Australian dollars. According to media reports at the time, the rescue of Virgin Australia was undoubtedly a waste of taxpayers’ money.

But the Australian government does not say “No” to all airlines. According to foreign media reports in June, the Australian government said it would continue to subsidize domestic flights until September. As of June, the government subsidies for domestic flights have exceeded 1.2 billion Australian dollars (about 5.9 billion yuan).

Over 23 airlines in the world go bankrupt Since the epidemic

Since the outbreak of the new coronavirus epidemic, 23 airlines around the world have closed down, including South African Airways, Alitalia, Compass Airlines, Flyby Airlines, and Miami International Airlines.

Even if there is no bankruptcy, the remaining major airlines face huge losses.

American Airlines and Southwest Airlines reported earnings in July that both companies suffered quarterly losses. In the second quarter, American Airlines’ revenue in the second quarter fell by more than 86%, from nearly US$12 billion in the same period last year to US$1.6 billion; Southwest Airlines’ revenue also plummeted by nearly 83% from the same period last year, US$5.9 billion fell to just over US$1 billion.

American Airlines also issued a warning to 25,000 employees that they may face the risk of unemployment and urged them to apply for voluntary separation programs and early retirement.

British Airways, Lufthansa, Emirates, and Qantas have announced plans for thousands of layoffs and unpaid leave.

China’s aviation industry recovers by 90%

The global aviation industry as a whole is bleak, but there is good news from China’s civil aviation industry…

As early as April, Cirium, a global travel and data analysis company, stated that China’s domestic air travel capacity is recovering, becoming the “light of hope” for the recovery of the global aviation industry. Data at the end of July also showed that the number of domestic flights in China was only about 10% from the level before the outbreak, ranking first in the world.

With the gradual stabilization of the domestic epidemic situation, China’s previous international route restrictions have begun to gradually loosen.

According to Wu Shijie, deputy director of the Aviation Safety Officer of the Civil Aviation Administration, introduced at a regular press conference in August, as of August 12, a total of 93 Chinese and foreign airlines (19 domestic and 74 foreign airlines) operate 187 scheduled international passenger routes. It operates 210 round-trip flights every week and maintains regular passenger services with 50 countries. During the more severe period of the epidemic, regular passenger flights have resumed with 20 countries.

Last week, the Civil Aviation Department confirmed that the U.S. Department of Transportation issued an announcement on the 18th that it allows Chinese airlines to increase scheduled passenger flights to and from the United States to eight per week, which is equivalent to the total number of flights that the Civil Aviation Administration of China recently allowed U.S. carriers to fly, the instruction takes effect immediately.

After this expansion, the number of routes between China and the United States will double to a total of 16 flights per week.

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Visit Adult Doll Factory: Exports Soared during the Epidemic, Customized https://www.rabbitsays.com/visit-adult-doll-factory-exports-soared-during-the-epidemic-customized-2020-07-21/ https://www.rabbitsays.com/visit-adult-doll-factory-exports-soared-during-the-epidemic-customized-2020-07-21/#respond Tue, 21 Jul 2020 07:10:52 +0000 https://www.rabbitsays.com/?p=3306 The most worrying thing about the adult doll offline experience store is undoubted whether health issues can be guaranteed. Fang Jie said that at present, the company’s experience store is no problem in terms of supervision. In Shenzhen, Guangdong, the factory building of more than 3,000 square meters is a bit sultry, and workers are […]

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The most worrying thing about the adult doll offline experience store is undoubted whether health issues can be guaranteed. Fang Jie said that at present, the company’s experience store is no problem in terms of supervision.

The head of the doll is made of silicone, and the hair is implanted with real human hair
The head of the doll is made of silicone, and the hair is implanted with real human hair

In Shenzhen, Guangdong, the factory building of more than 3,000 square meters is a bit sultry, and workers are busy producing a large-scale rubber-made adult products-physical dolls.

In the factory warehouse, more than 50 dolls have been packed in boxes, and they will be sent to European and American countries in a week. According to the reporter, during the epidemic this year, the export volume of domestic adult products increased by nearly 50% year-on-year, and the export of adult doll products increased by more than 100%.

Recently, the reporter came to the adult doll production factory in Shenzhen, Guangdong Province. The person in charge of the factory said that the overseas export volume of dolls is now getting higher and higher. The usual export volume is about 3000 per month, which has more than doubled this year. At the same time, with the rise of the new model of offline experience stores, the domestic market has gradually been opened up.

Ninety percent of 4000 dolls are produced per month for export

Yan Sixue, the founder of adult product brand “YANNOVA” and general manager of Yiwu Yansheng E-commerce Co., Ltd., told the reporter that since the epidemic this year, the company’s orders for adult dolls exported overseas have obviously started to increase, especially from Europe, Spain, Italy, Germany, etc. Country orders.

The adult dolls produced by the company
The adult dolls produced by the company

Data from the AliExpress platform of Alibaba also confirms the above trend. The platform is China’s largest cross-border retail e-commerce platform designed to build overseas exports for Chinese companies and has direct access to overseas individual buyers in more than 200 countries and regions. According to statistics from AliExpress, the export volume of adult products has increased by nearly 50% year-on-year, and physical dolls have doubled year-on-year. Since March, the sales of physical dolls in Italy, where the epidemic is most severe, have increased five times year-on-year.

In mid-July, a reporter visited Yan Sixue’s adult doll manufacturing factory in Shenzhen, Guangdong. Chen Qing, the head of the factory, said, “At present, our factory’s monthly output is 3000 to 4000 dolls, most of which are exported to overseas markets such as Europe, America, and Japan. Last year, our export ratio was 90%. This year, as the domestic market started to rise, exports accounted for around 80%.”

Adult dolls being packed in the factory
Adult dolls being packed in the factory

Chen Qing said that since a few years ago, the overseas market demand for physical dolls has been increasing year by year. During the epidemic this year, the company’s export volume has not decreased but increased by more than 100%. “Among them, orders from Germany have risen the most. The only impact of the epidemic on us is that the freight has increased, and many lines have been shut down and we are forced to ship by sea.”

High simulation, customizable, can walk in the future

“Many people’s impressions of adult dolls may still remain at the stage of inflatable dolls. In fact, the materials have been updated many times.” Yan Sixue introduced.

Eight years ago, TPE material with the scientific name of thermoplastic elastomer began to be used to make physical dolls, which is commonly known as artificial rubber. In recent years, the latest material is silica gel. Because of its high plasticity, the degree of simulation can be better, But the cost is also higher, so many companies currently only use silicone for doll head manufacturing.

Most of the adult dolls produced in Yan Sixue’s factory are for export, so we can see yellow, white, and black dolls of different skin colors and various body shapes being manufactured in the factory. After pouring rubber into a mold equipped with an alloy skeleton, a doll with a height of 1.65 meters and a weight of about 35 kg was born.

The blood vessels under the skin of the doll are clearly visible
The blood vessels under the skin of the doll are clearly visible

“In the beginning, we asked designers to design some facial shapes based on the aesthetics of different countries, and then launched an online survey to ask the locals if they liked it or not. After finalizing, we opened the mold and made it. Now we provide more than 160 face shapes for users “Choose.” Chen Qing said, “In terms of body shape, we are a real model. We completely replicate the body shape of a good-looking female model. The joints are exactly the same.”

Inside the factory

The reporter saw in the factory that some workers poured rubber into molds, some workers used electric fusion guns to trim the edges of newly demolded dolls, and some workers were installing eyeballs and makeup on the doll’s head.

The worker is putting makeup on the doll's head
The worker is putting makeup on the doll’s head

“Now the hair and eyebrows of our high-end dolls are all made of real human hair, and the eyebrows are implanted one by one. Instead of using a wig, plus a silicone head, the head simulation can be very good. Even We can already make the subcutaneous veins, which is very different from the inflatable doll in our impression.” Chen Qing said.

The high degree of simulation also brings the price increase. According to reports, the price of a basic doll made of all-rubber material is around 3,000, while the price of a high simulation doll with a silicone head and human hair is as high as 8,000 yuan. With the addition of functions such as heating and voice, the highest price can reach 20,000 yuan.

Factory warehouse
Factory warehouse

Chen Qing also introduced that the factory can even undertake a private customized doll business. “We have not done this kind of business for domestic users, but we have done it overseas. A widowed old man provides a few photos of his wife, and we can make a 1:1 doll that restores his wife’s appearance. The function of a physical doll is actually not as for addressing sexual needs, companionship is actually a very important aspect.”

Adult doll, inside the factory
Adult doll, inside the factory

According to the company’s brand leader Fang Jie, according to survey feedback, the current interaction of dolls with voice functions is too simple and not smart enough, which is a shortcoming pointed out by many users. In the next step, the company will strengthen R&D and cooperation to enhance the voice function of physical dolls, and AI functions may be implanted in the future. At the same time, allowing the doll to have a walking function is also the company’s next development direction.


Domestic experience stores are in the ascendant

Fang Jie said that according to their user survey, Chinese users who buy the company’s physical doll products are mainly middle- and high-income men aged 30 to 35.

“The more high-end physical dolls still have a certain threshold in terms of price. We have a customer who is a business person who is on business all year-round. He bought a high-end model and checked it with them every time he went on business. It costs more than 6,000 yuan. Seafarers are also an important customer group, and they are required to sail at sea all year round,” Fang Jie said.

Recently, offline experience stores for adult dolls began to appear in Shenzhen and Dongguan. This is a relatively novel service model. The actual rubber dolls that cost thousands or even tens of thousands can be “experienced” for an hour here for only 180 yuan.

Adult doll, inside the Chinese factory
Adult doll, inside the Chinese factory

Chen Qing introduced that China’s first offline experience store for adult dolls appeared in Shenzhen, and some of them used their dolls. “In the domestic market, we used to sell mainly on online platforms such as Alibaba. At the end of last year, the offline form of experience stores began to emerge. For experience stores, many people may not understand it. In fact, it provides offline contact. If you are satisfied with the opportunity of the doll, you can buy one on the spot and take it home.”

Now, the factory receives 7 or 8 customers from other places every day to talk about the agency project of the physical doll experience store. “At present, Shenzhen, Shanghai, Suzhou, Xi’an, Kunming, and other places have our offline experience stores, and our next goal is to have one store per province.” Fang Jie said.

Adult doll, inside the Chinese factory
Adult doll, inside the Chinese factory

“At present, the ratio of men to women in China is seriously imbalanced. There are more than 30 million male compatriots who are bachelors. I think the potential market demand for adult dolls is still very large, which can be regarded as ‘necessity’.” Chen Qing said.

The most worrying thing about the adult doll offline experience store is undoubted whether health issues can be guaranteed. Fang Jie said that at present, the company’s experience store is no problem in terms of supervision.

Adult doll, inside the Chinese factory
Adult doll, inside the Chinese factory

First of all, the product quality has a complete national related inspection report, and the business license has also been communicated with the industrial and commercial departments to obtain the qualification for adult products.

As for the most concerned hygiene issues, the products used in the experience store have their own unique “mobile channel” design, which can achieve “one customer, one change” and avoid cross-infection from the root cause.

“At the same time, we also stipulate that Keren must register for the identity verification experience when entering the store. This is to prevent minors from entering, and second, to trace back in case of problems.” Fang Jie said.

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Epidemic Landmark: South China Seafood Market, Merchant Lost Tens of Thousands per Month https://www.rabbitsays.com/landmark-of-the-epidemic-south-china-seafood-market-losing-tens-of-thousands-per-month-2020-02-29/ https://www.rabbitsays.com/landmark-of-the-epidemic-south-china-seafood-market-losing-tens-of-thousands-per-month-2020-02-29/#respond Sat, 29 Feb 2020 08:25:13 +0000 https://www.rabbitsays.com/?p=1834 Wuhan South China Seafood Wholesale Market, from the market full of people to the fear that everyone would avoid, it just took less than two months. Although it is named as “South China”, it’s the largest seafood market in Central China and the distribution center of Jiangcheng Catering Industry, in addition to wholesale supply to […]

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Wuhan South China Seafood Wholesale Market, from the market full of people to the fear that everyone would avoid, it just took less than two months.

Wuhan South China Seafood Market
Wuhan South China Seafood Market

Although it is named as “South China”, it’s the largest seafood market in Central China and the distribution center of Jiangcheng Catering Industry, in addition to wholesale supply to various restaurants and restaurants, some companies will also come here to buy for group dinner.

Since the first day of 2020, after the South China Seafood Market was closed for rectification, except for professional disinfection four times a day, there were few people visible here at all other times. All entrances were blocked. Only two security guards were stationed to take care of the supplies, Unauthorized persons are prohibited from entering.

South China Seafood Wholesale Market closed from New Year's Day in 2020
South China Seafood Wholesale Market closed from New Year’s Day in 2020

At 2 pm on February 20, a dozen people wearing protective clothing and carrying test boxes entered the market from Fifteenth Street, West District. “They are here to draw samples.” Security said these people came from the epidemic prevention department, the Chinese Academy of Sciences and the Wuhan Public Security Bureau. The police are responsible for taking pictures in the shops and have been here many times before. The shutter door occasionally made a harsh noise, echoing in the empty block.

This wholesale market, covering an area of ​​50,000 square meters, is less than one kilometer from Hankou Railway Station. In addition to various seafood, there are also a large number of wildlife trading shops. The owner of Mingzhi Seafood Wholesale in West District Yijie was asked to participate in the investigation. On January 21, the “phased progress” of virus traceability was pushed to his mobile phone through the app-China Disease Control Center Virus Disease Center Close to the market, the largest number of positive specimens were extracted, and it was quickly suspected that the epidemic was related to the wildlife trade.

Former South China Seafood Market
Former South China Seafood Market

“Science” magazine believes that the South China seafood market may not be the only epidemic source, because of the first 41 confirmed cases, 13 have no South China seafood markets contact history.

On February 22, a study by the Xishuangbanna Tropical Botanical Garden of the Chinese Academy of Sciences confirmed this hypothesis again. The conclusion of the study is that some carriers may have infected people who went to the South China Seafood Market. As a result, the crowded market became a virus spreading outbreak.

After the market was closed, the South China Seafood Market once organized merchants to cancel rents on site. Yong Hu(pseudonym), the owner of the hairy crab attached to No. 5 Hou Street, West District, received the market notification and requested to take the original business license, ID card, and bank card to the market office to receive a 10,000 yuan subsidy.

Suddenly the rest of the market changed his trajectory of life throughout the year, and the economic sources on which the family relied were in crisis. Hu’s child is in college and he hired five workers, each with a minimum wage of more than 5,000 yuan. In the past, excluding expenses, he also earned thousands of yuan per month. Now the deficit is tens of thousands per month.

During the period of “closing the city”, he can only stay at home. He has no hope for a resumption of the South China Seafood Market. “Compared to the capital chain that quickly broken in two or three months, Hu worried about losing customers most. If I’m going to work in this industry again in the future, I’m afraid that I have lost my position. “

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Buying a Second House, Down Payment Reduced from 70% to 30% in Shenzhen, Bank Responds Urgently https://www.rabbitsays.com/shenzhen-second-house-down-payment-from-70-to-30-the-bank-responded-urgently-2020-02-28/ https://www.rabbitsays.com/shenzhen-second-house-down-payment-from-70-to-30-the-bank-responded-urgently-2020-02-28/#respond Fri, 28 Feb 2020 09:39:33 +0000 https://www.rabbitsays.com/?p=1810 The news of “Shenzhen second house down payment becomes 30%” quickly occupies the screen in the circle of friends. It’s said that CCB will launch a mortgage cloud loan policy and relax the mortgage loan policy. Down payment of the second house will be changed from 70% to 30%. According to the news released by […]

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The news of “Shenzhen second house down payment becomes 30%” quickly occupies the screen in the circle of friends. It’s said that CCB will launch a mortgage cloud loan policy and relax the mortgage loan policy. Down payment of the second house will be changed from 70% to 30%.

Down payment information spread online
Down payment information spread online

According to the news released by We Media, “CCB began to relax and add mortgage loans”, is this real?

The Interpretation of We Media
The Interpretation of We Media

Today, the Shenzhen Construction Bank told the reporter that recently, some information from the media about our branch’s reduction of the down payment for the second house was misread. At present, there is no change in the personal housing credit policy of Shenzhen Construction Bank. The down payment ratio of the first home loan is not less than 30%, and the down payment ratio of the second home loan is not less than 70%.

Since the policy has not changed, why are there misunderstandings?

The bank explained that it has introduced a series of small and micro-enterprise support policies. Misreading information from the media mentioned that the Shenzhen Branch’s inclusive financial loan product-“Cloud Quick Loan”, which specifically serves small and micro enterprises’ production and operation needs, the related measures do not involve personal housing loans.

According to related insiders, as early as February 19th, in the fourth quarter of 2019 Chinese currency execution report issued by the central bank, it reiterated once again that it insists on the positioning of houses for living, not speculation, and does not use real estate as a short-term stimulus Economic means.

In the early morning of February 28, the China Construction Bank Shenzhen Branch issued a statement.

The following is the original statement:

Some reports from the media that our branch lowered the down payment for the second house were misread. The personal housing credit business of our branch strictly implements the regulatory requirements and actively supports the stable and healthy development of the real estate market. At present, there is no change in the personal housing credit policy.

After the outbreak of coronavirus epidemic, in order to actively implement the central policy, serve the real economy, and support enterprises to resume production and resume production, our branch quickly launched a series of “resumption loans”, loan extensions, increased grace periods, repayment of loans without repayment, emergency measures such as easing the guarantee method will help small and micro enterprises affected by the epidemic accurately and supplement operating cash flow. Related measures do not involve personal housing loans.

Statement of CCB
Statement of CCB

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Easy Policies, China Stimulates Real Estate Market to Boost Economy https://www.rabbitsays.com/with-the-loosening-of-policies-in-more-than-10-provinces-and-cities-has-china-returned-to-stimulating-the-real-estate-market-to-boost-the-economy-2020-02-14/ https://www.rabbitsays.com/with-the-loosening-of-policies-in-more-than-10-provinces-and-cities-has-china-returned-to-stimulating-the-real-estate-market-to-boost-the-economy-2020-02-14/#respond Fri, 14 Feb 2020 13:27:01 +0000 https://www.rabbitsays.com/?p=1177 Some places in China have already introduced policies to help housing companies. According to incomplete statistics, in recent days, more than 10 provinces and cities, including Wuxi, Shanghai, Tianjin, and Nanjing, have issued various support policies related to real estate, and policy loosening is expected to appear. Historical similarities are always reminiscent. Although the whole […]

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Some places in China have already introduced policies to help housing companies.

Stimulate the real estate market, China
Stimulate the real estate market

According to incomplete statistics, in recent days, more than 10 provinces and cities, including Wuxi, Shanghai, Tianjin, and Nanjing, have issued various support policies related to real estate, and policy loosening is expected to appear.

Historical similarities are always reminiscent. Although the whole country is still shrouded in the haze of the COVID-19, the “explosive growth” of the property market after the end of the SARS epidemic in 2003 has caused some people to worry. Are we back on the old track of “stimulating real estate to boost the economy”?

I have to say that this conclusion is probably too early and too hasty.

“Hardcore” rescue measures have not yet appeared, first, look at the assistance policies that have been introduced in various places.

Wuxi, China
Wuxi, China

Wuxi City, Jiangsu Province, issued 17 policies and measures to support real estate companies and construction companies in a number of ways, including relaxing pre-sale conditions, ensuring liquidity, tax deductions, and allowing deferred payment of land transfer prices.

Wuxi City stipulates that if the building within the scope of which a construction permit has been obtained due to the epidemic situation, it shall be adjusted to the investment amount when applying for pre-sale, and the pre-sale part may complete more than 25% of the investment. You can apply for a delay inland delivery and payment of the transfer fee, which can be processed within 5 working days at the latest after the first-level response measures for epidemic prevention and control in Wuxi City are lifted.

Xi'an, China
Xi’an, China

For another example, Xi’an, aimed at the land market to reduce the burden on real estate companies.

Xi’an stipulates that during the epidemic prevention and control period, in principle, the newly-sold land may be determined with bidding security of 20% of the starting price, and 50% of the land transfer price shall be paid within one month after the signing of the transfer contract. Pay in installments as stipulated in the contract, and the payment period shall not exceed one year.

Shanghai, China
Shanghai, China

The Shanghai Municipal Planning and Natural Resources Bureau has also issued a land-use support policy to adjust the payment method and duration of land prices.

According to the Shanghai New Deal, affected by the epidemic, failure to pay the land price and delivery of land as stipulated in the land transfer contract is not a breach of contract, excluding late fees and liquidated damages, and the assignee may apply for deferred payment or installment payment.

In Zhejiang Province, restrictions on the use of pre-sale funds for commercial housing have been relaxed to some extent.

Zhejiang stipulates that the pre-sale funds for commercial housing during the epidemic prevention and control period can be used to increase the initial costs of construction, management, sales, financial and other expenses from 20% to 30% of the total. For residential projects completed and accepted before June 30, 2020, residential property warranty payments can be postponed for 3 months.

Nanchang, China
Nanchang, China

In Nanchang, it is allowed to postpone the signing of the transaction confirmation and the transfer contract during the land transfer, allow the extension of the payment of the transfer fee, allow the extension of completion and the adjustment of the land transfer bidding security deposit ratio, etc.

Shenzhen, China
Shenzhen, China

Shenzhen has continuously issued a new policy for housing provident funds. On the one hand, companies with difficulties in the impact of the epidemic will be supported in the provident fund deposit ratio and time limit; on the other hand, it is stipulated that hospitalization or quarantine of new coronavirus pneumonia can apply for an extension of public funds. Loan terms, relaxation of deposit requirements for public loan applications, etc.

At present, local policies are relatively prudent. The main focus is on bail-outs for housing companies, alleviating corporate liquidity pressures, and reducing defaults on delivery. The “restrictions on purchases”, “restrictions on loans”. Core control policies such as mortgage rates are rarely involved.

In terms of policy intensity, local policies are still small adjustments based on city policies, and they have not broken the red line of “The house is used to live, not for property speculation.”

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