After three decades in the real estate sector, Eric Wo from Savills has plenty of advice to offer British companies looking to succeed in the Chinese market. Tom Pattinson sat down with him to find out more about his business experience When I sit down to speak with Eric Wo, Managing Director of Savills North China, he is dapper in a crisp white shirt and dark suit despite the heat …
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real estate
On Monday, 29 Janunary, a Hong Kong court ordered the liquidation of the world’s most indebted developer, China Evergrande Group. “Enough is enough,” said Judge Linda Chan as part of her verdict, appointing New York-based management consulting firm Alvarez & Marsal (A&M) to carry out liquidation proceedings for the Guangzhou-based developer. A&M leaders said they would try to maximise how much of the company can be “retained, restructured, and remain …
From navigating zero covid measures and travel restrictions, to China’s embattled real estate sector, these were the five stories that captured the most attention on Focus this year 1. How to travel to China in 2022 Can you travel to China right now? The short answer is yes, but there are processes in place that you need to follow. Tom Simpson, CBBC’s Managing Director of China Operations and China Chief …
What is happening in China’s real estate sector? It used to be a key driver of the economy, but the tide has turned and now it’s starting to drag. Failure to regulate the sector in boom has left the country with limited options in bust, and as a result, UK companies are beginning to be impacted because Chinese partners are defaulting on their payments due to cash flow issues, writes …
Professor Jane Duckett, Edward Caird Chair of Politics at the University of Glasgow, and Director of the Scottish Centre for China Research explains how, and why, China is aiming to improve its social services sector During the 21st century, measures to reduce poverty whilst improving healthcare, pensions and social services (including education and housing) have all moved up the policy agenda of the Chinese state. The Chinese Communist Party has …