We get a lot of inquiries about the lockdowns in China asking if companies are providing additional support to their expats. We reached out to a group of large companies and found, in general, nothing extraordinary is being offered so far.
With the world watching the 2022 Winter Olympics in China, AIRINC have been inundated with questions about air travel to the region.
On December 31, 2021, the Chinese Ministry of Commerce and State Taxation Administration jointly announced the extension of the preferential income tax treatment on expatriate fringe benefits through 2023.
The Greater Bay Area (GBA) is China’s ambitious goal to develop an integrated economic and business hub that links its two special administrative regions of Hong Kong and Macau along with 9 Chinese cities across the southern China region.
Rents dropped in Dublin in the wake of COVID-19. Supply increased as assignees left the city and new rental stock entered the market. The collapse in tourism has forced owners of short-term Airbnb properties to shift to the long-term market, further increasing supply.
Rent in Hong Kong is notoriously among the highest in the world. In the face of a global pandemic preceded by a year of protests, rents have indeed dropped but remain high on a global scale. Price changes impacted upper-end housing the most, especially based on the area and neighborhood.
Although China has continued to suspend the entry of most foreigners, Shanghai’s expatriate-quality rental market was strong over the past months, primarily due to strong demand from wealthy locals.
While many parts of the world are struggling to contain the COVID-19 outbreak, Wuhan is now back to business as usual. The lockdown was lifted in April and there have been no local cases since May.
Heung Gong – the Cantonese translation of Hong Kong means “Fragrant Harbor,” a name inspired by the city’s past as an incense trading port.
AIRINC recently conducted rental market updates across Europe and Asia and, in many places, life was getting back to normal.
