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china: Young homebuyers take refuge in China's rust-belt towns

Fang, 29, is part of a wave of young Chinese choosing to invest in dirt-cheap real estate in declining and remote industrial regions, ditching Chinas modern, expensive metropolises. In major cities, "unless youre a child of the super-elite, I dont see how young people can ever earn enough for a house", the brand management professional told AFP.
Kathy Cao Fontana Fang Shen Wenxin Max Chu News Service Young Why China

Qiandao Metal: Shortages of raw materials to underpin tin prices _SMM

The "2020 (10th) Tin Industry Chain Summitโ€โ€”held by SMM and exclusively named by Gejiu Qiandao Metalโ€”took place during October 20-30. During the summit, SMM interviewed Zhang huanqun, general manager of Gejiu Qiandao Metal, to discuss topics about upstream sectors of tin.
Tin Industry Chain Gejiu Qiandao Metal Qiandao Metal Inner Mongolia Yinman Mining Tin Mines Covid 19
Source: metal.com

Cheap 'like cabbage' apartments in some Chinese cities draw buyers, and caution

Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades ago, spent 18,000 yuan ($2,528) this month in purchasing his 15th property in Hebi, where prices have plunged over the last two years. Real estate agents said low-cost apartments in smaller Chinese cities such a...
Liangping Gao Marius Zaharia Liu Yong Muralikumar Anantharaman Hwabao Trust Chinese City
Source: yahoo.com

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