KT Business Talk

It is an understatement to say that real estates in China's major cities are expensive. Shanghai is now arguably the most expensive city in the world, with its cost of housing 36.1 times higher than a resident's average annual income, by Bloomberg. This trend isn't only in Shanghai, however. In Shenzhen, the cost of an apartment is 43.5 times a resident's average annual income, per Bloomberg. In fact, Shenzhen actually has China's highest real estate prices and lowest home-ownership rates. To go along with Shanghai and Shenzhen, Guangzhou also saw a 16 percent home price increase this year. When looking at the big picture throughout the years, about 4 to 5 Chinese cities consistently appear on the list for the top ten most expensive property markets globally. So what led to these outrageous prices in the China real estate market? The city of Shanghai. Image Source: Wikipedia Investment An important reason behind China's expensive housing prices is that real esta

As the Tokyo 2020 Summer Olympics comes to a close, the topic of discussion in China has shifted from the controversial opening ceremony to the gold medals those incredible Chinese Olympic athletes had won. Team China has put up some fantastic performances in the Tokyo 2020 Olympics , especially in swimming, weightlifting, and shooting, where they smashed expectations and have seen significant breakthroughs. In terms of medals, Team China is second in both gold medals count total medals count. As a result of their outstanding performances, these Chinese Olympic athletes sparked many topics and discussions on various Chinese social media platforms, such as Douyin and Weibo, and attracted much attention. Whether it's about the performances in the Tokyo 2020 Olympics or the backstory behind their journey to become an Olympic champion, trends and topics related to Chinese Olympic athletes went viral in China. With the rising popularity of various Chinese athletes, many Chinese business