Shenzhen has slipped into deflation, with prices falling 1.5% in March over February. Overall, food prices fell -4.3%, non-food -0.7%, services -0.9%, and consumer products -1.9%. SZN.
Shenzhen’s red-hot property market has attracted attention from district governments, which are now warning against middlemen charging illegal “tea-drinking fees”, i.e. to get investors higher up on the waiting list for popular developments. Sales transactions continue to rebound from the lockdown of February and early March. Leju.
Hong Kong’s civil servants are battling a modern challenge with outdated technology, as more than half of the 180,000-strong workforce really has no option but to show up in the office. SCMP.
Some Hong Kong travel agencies are opening bookings for mainland tours again after a hiatus of two months. SCMP.