Reuters (February 28)
China’s housing market seems to be approaching a paradigm shift. “The broad idea is to create a two-tier system. Local governments will rent out or sell flats below market prices to most residents, including some 300 million Chinese migrant workers who live far away from their hometowns in the mainland. Upgraders and investors could settle for a smaller private residential market, where regulators meddle less.”
Tags: China, Flats, Housing market, Investors, Local governments, Market prices, Migrant workers, Paradigm shift, Regulators, Rent, Residential, Residents, Sell, Two-tier system
Financial Times (September 18)
South Korea is increasingly turning to immigrants to fill 3D jobs considered dirty, difficult and dangerous. The “migrant worker population that has risen to around 540,000 from 49,500 in 1990” looks poised to continue growing. “With a looming demographic crunch driven by one of the world’s lowest birth rates, the reliance on foreign labour is likely to spread more broadly in this increasingly mature economy.”
Tags: Birth rates, Dangerous, Demographics, Difficult, Dirty, Foreign labour, Immigrants, Mature economy, Migrant workers, Population, South Korea
