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The monthly rent for housing in Beijing for the period from January to July 2018 increased by 25.6%, according to a study by the Chinese search engine Zhuge. As the Financial Times writes with reference to the search engine, the price increase in some areas was almost 40%. The periodical notes that in Beijing, where millions of people live in rented apartments and houses, the ratio of rents to incomes is one of the highest in the world. According to the Beijing Department of Social Services, recent graduates of universities in 2017 spent an average of 67% of their wages on renting.
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
Oil prices bounced on Thursday as a steep decline in oil inventories outweighed concerns that a surge in new coronavirus cases in the U.S. could stall demand recovery. Brent crude futures rose 0.6%, or 25 cents, at $42.28 per barrel. U.S. ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Global shares advanced on Monday after an unexpected recovery in U.S. employment. This made investors optimistic that global economies could recuperate faster than previously thought. Oil prices fell flat after OPEC and its allies, including ...
British factory activity saw a sharp decline for the month of May, according to a survey conducted on Monday. However, the pace of the decline was much slower than that of April, when the COIVD-19 lockdown brought most of the economy to a ...
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