GBA Briefs: 3/27/2020

Guangdong boosts SMEs: Guangdong’s governments at all levels are focused on getting SMEs back to full operation, according to local media. This includes handing out tax and fee cuts amounting to 140 billion yuan, paying subsidies of 5,000 yuan per worker hired, providing two years of social security subsidy for each college graduate hired, refunding social-security payments from January and February, sending trains and buses to pick up migrant workers, and holding online job fairs. SCN.

Guangzhou airport investment: Investment deals worth 47 billion yuan were signed yesterday in a ceremony for the “aerotropolis” being built around Guangzhou’s Baiyun International Airport. The airport also disclosed that growth in its cross-border e-commerce business had continued to grow sharply in January and February, albeit from small levels:  2.26 billion yuan and 12 million packages. CN.

Cargo flights resume: Although passenger flights have been cancelled in droves, dedicated cargo flights are continuing from Guangzhou’s Baiyun International Airport, with capacity back to 70% of what it was before the outbreak. Medical equipment and electronics devices are the leading products. SH.

Cambridge deal signed: Cambridge University has signed an agreement via a business-school venture with Peking University to establish a presence in Shenzhen’s Qianhai. It was among a batch of major deals signed this week, which includes China Railway Construction Corp. establishing a new office in Qianhai with registered capital of 9 billion yuan. SZN.  

SZ Airport new runway: Work has begun on construction of Shenzhen Bao’an International airport’s third runway. Costing 12 billion yuan, the new runway will raise the airport’s passenger-throughput capacity to 80 million a year. It handled 50 million in 2019. SZN.

SZ consumers complain: Shenzhen’s Consumer Council received 220,496 complaints last year, 69.77% up over 2018 and almost the same total as 2017 2018 combined. Online gaming scams appear to have been the biggest source of complaints. SZN.

Cash for the poor: The government should give each jobless Hongkonger HK$34,800 over six months and offer compensation to those who catch the coronavirus at work, according to a charity which has reported a fourfold rise in unemployment among the city’s poorest families during the health crisis. SCMP.

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