Hong Kong rents plummet due to massive expatriate departures and economic downturn
Rental prices in Hong Kong, once known as the world’s most expensive city, have fallen in the wake of a massive “anti-China” movement that has seen large numbers of expatriates and locals leave the city, coupled with a severe recession and high unemployment.
Rents in Hong Kong have fallen to HK$33.60 per square foot in the first quarter, data showed, Bloomberg reported Wednesday.
Upscale properties in areas favored by Westerners and wealthy mainlanders, such as Mid-Levels and Deep Water Bay, saw the biggest drop, with rents falling by as much as 25 percent from their mid-2019 peak, according to Hong Kong-based housing search site Thousand Residences.
Bloomberg industry research analyst Patrick Wong believes Hong Kong rents could fall another 5 percent to 10 percent in 2021 due to a declining population and travel restrictions. And Hong Kong’s population could decline further as the British government receives 27,000 applications for British National (Overseas) passports from Hong Kong residents.
In addition, Hong Kong’s unemployment rate reached 6.8% in March, close to the 17-year high set in the previous quarter. To save money, many unemployed people are moving back home to live with their families.
White wolf Zhang Anle helped the Chinese Communist Party’s United Front, the Taiwan High Prosecutor’s Office sent to the Northern Prosecutor’s investigation
The president of the Chinese United Party, “White Wolf” Zhang Anle, revealed in an interview with the Chinese Communist Party media how he had assisted the Chinese Communist Party’s united war effort in Taiwan, thus violating the Republic of China’s National Security Law, and the Taipei District Attorney’s Office (NPO) is now investigating.
In an interview with the Chinese Communist Party’s mouthpiece Central People’s Radio in January, Zhang Anle revealed how he had absorbed young people in southern China by attending events and forming a “red team” to promote “peaceful reunification and uprising in front of the front line.
In response to the president of the United Progressive Party’s self-proclaimed assistance to the Chinese Communist Party’s united war, Taiwan’s Land Commission has said that the Chinese Communist Party has long taken advantage of Taiwan’s democratic and open society to carry out united war infiltration in various fields in Taiwan, threatening national security and social stability, the government should pay close attention and take strict precautions.
The government should pay close attention and take strict precautions. The Central News Agency reported that the High Prosecutor’s Office had sent the case to the Taipei District Attorney’s Office for investigation after investigation.
In addition to TSMC, Taiwan has another protector of the country’s sacred mountain, beyond Qualcomm
In addition to TSMC, another chip design company in Taiwan, MediaTek, has also emerged, with its share price soaring nearly 1 times since the beginning of last year. Its market value reached $ 62 billion, and now jumped to the 2nd largest company in Taiwan by market value.
The Wall Street Journal reported on the 4th, according to comparative research (Counterpoint Research), MediaTek surpassed Qualcomm last year to become the world’s largest smartphone chip supplier.
MediaTek is a fabless chip company, which designs chips, which are then produced by foundries such as TSMC. The report said the U.S. sanctions against Huawei to benefit MediaTek, since the U.S. sanctions, Huawei’s market share is divided by its domestic rivals, and these companies are MediaTek big customers.
Overall, MediaTek shone in the chip shortage, as demand surged and MediaTek raised prices, especially, as Chinese handset makers increased orders, partly to boost inventory.
The switch to 5G also benefited MediaTek, as 5G chip prices are higher than 4G, and Morgan Stanley estimates that global 5G penetration will jump to 47 percent this year from 18 percent last year. Investors should pay more attention to this new global competitor from Taiwan.
Chinese consumers: 5G is a scam Huawei is the only one benefiting
Photo: A 5G advertisement on the streets of Beijing.
The Chinese Communist Party is using hundreds of billions of dollars to fund Huawei’s 5G network in an attempt to lead the future of global communications, only to be resisted by many countries in Europe, the US, Japan, and Australia. The 5G network it is building in mainland China has been revealed to be a scam, benefiting only Huawei, and damaging telecom operators and users alike.
Radio Free Asia posted a video on its official Twitter account on May 5, in which a Chinese user exposes the 5G scam.
The user pointed out five major failures of 5G, which can also be called five major scams.
First, the Chinese Communist Party has used state funds to subsidize the construction of 5G countless times, with very few industrial applications, except for TV 5G broadcasts at the beginning of the show.
Second, the operators had 4G operation well, earning a lot of money, suddenly have to spend several times the price of 5G, due to construction costs, base station density, power consumption, maintenance costs and other cost increases, so the 5G package price increases across the board, unlimited traffic packages all canceled.
Third, the original 4G network speed is fast, there are about 10M, slow time also more than 5M, for the average person has enough to use, and 4G has unlimited traffic packages. But after the launch of 5G, users not only have to buy very expensive 5G phones, but also to add money to do 5G packages, the speed has not increased much, and limit the flow, seriously insufficient.
Fourth, after the 5G came out, 4G was severely limited, and even shut down a lot of 4G base stations, the 4G signal and speed became very poor, can not afford to buy 5G phones, can not afford to use the 5G package users, is a serious violation of rights.
Fifth, 5G cell phones super power consumption, cell phone use time seriously shortened.
The user concluded that, in summary, in addition to Huawei gains increased, the rest of the group in addition to pay, almost no gain, pure loss. He pointed out that in fact, 5G still has a long way to go, not so fast to reach the 5G era.
The company’s managing director, Ding Cao, also pointed out in October last year at the “2020 China International Information and Communication Exhibition” that China’s 5G services are still “fake, dumb, poor” and other problems.
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