Schools Replace Confucius Institutes w/ New Programs; China Property Sector: Trade Garlic for House
China in Focus
Are the Confucius Institutes in the United States truly closed? A report says some of them are back, but under new names. China’s flood season is getting worse. So far, 85 rivers have risen above flood warning levels. More Chinese banks are having difficulty completing customer withdrawals. Some are even limiting how much money can be transferred. Two Chinese real estate companies present an unusual alternative to a cash down payment. For those that don’t have the money, certain crops are accepted instead. As Shanghai residents complain about a lack of state aid, the city has started urging locals to donate to authorities instead—in the name of supporting COVID-19 measures.
China in Focus
Are the Confucius Institutes in the United States truly closed? A report says some of them are back, but under new names. China’s flood season is getting worse. So far, 85 rivers have risen above flood warning levels. More Chinese banks are having difficulty completing customer withdrawals. Some are even limiting how much money can be transferred. Two Chinese real estate companies present an unusual alternative to a cash down payment. For those that don’t have the money, certain crops are accepted instead. As Shanghai residents complain about a lack of state aid, the city has started urging locals to donate to authorities instead—in the name of supporting COVID-19 measures.
