«Данное сообщение (материал) создано и (или) распространено иностранным средством массовой информации, выполняющим функции иностранного агента, и (или) российским юридическим лицом, выполняющим функции иностранного агента»

.css-1xjkmih{color:var(–header-rubric-color, var(–mb-colour-greyscale-london-5));font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-body-2-size);font-style:normal;font-weight:var(–mb-font-weight-regular);line-height:var(–mb-typestyle-body-2-leading);font-variant:var(–mb-typestyle-body-2-figures);}

Why mortgage payments in the city can be ghoulishly expensive

.css-vpmedt{position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;}@media (min-width: 22.5rem){.css-vpmedt{grid-column-start:1;}}@media (min-width: 52.125rem){.css-vpmedt{grid-column-start:1;}}@media (min-width: 68.5rem){.css-vpmedt{grid-column-start:2;}}@media (min-width: 80rem){.css-vpmedt{grid-column-start:3;}}@media (min-width: 89rem){.css-vpmedt{grid-column-start:4;}}@media (min-width: 22.5rem){.css-vpmedt{grid-column-end:7;}}@media (min-width: 52.125rem){.css-vpmedt{grid-column-end:10;}}@media (min-width: 68.5rem){.css-vpmedt{grid-column-end:9;}}@media (min-width: 80rem){.css-vpmedt{grid-column-end:9;}}@media (min-width: 89rem){.css-vpmedt{grid-column-end:12;}}.css-vpmedt:last-child::after{height:0;}.css-18efhce{margin-top:var(–mb-spacing-xl);}.css-18efhce img{width:100%;}@media (min-width: 60rem){.css-18efhce{margin-top:var(–mb-spacing-2xl);}}.css-3mn275 img{display:block;}.css-3mn275 .e15o9k8g2{margin-top:0.25rem;}.css-1dkrsla{width:100%;font-family:var(–mb-typeface-sans);}.css-1st60ou{font-family:var(–mb-typeface-sans);font-size:var(–mb-typestyle-label-2-size);font-weight:var(–mb-font-weight-regular);font-variant:var(–mb-font-small-caps);line-height:var(–mb-typestyle-label-2-leading);text-transform:lowercase;color:var(–mb-colour-greyscale-london-35);}.e15o9k8g0+.css-1st60ou{margin-left:0.25rem;}Photograph: SCMP.css-1crn8pm .e9p4spg0{margin-bottom:2.1875rem;padding-top:1.75rem;border-top:0.0625rem solid var(–mb-colour-greyscale-london-85);}.css-1crn8pm .ei4jjge0{padding:1.25rem 0;border-top:0.0625rem solid var(–mb-colour-greyscale-london-85);display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}.css-1crn8pm .ei4jjge0 +.em0l2j50{margin-top:0;}.css-1crn8pm .efrhgsj0{margin-top:1.3125rem;margin-bottom:2.1875rem;}.css-1lub2ht{margin-top:0.5rem;}.css-1lub2ht +.evrxsn0{margin-top:0.75rem;}@media (min-width: 37.5rem){.css-1lub2ht +.evrxsn0{margin-top:1.75rem;}}@media (min-width: 80rem){.css-1lub2ht{margin-top:0.5rem;}}.css-shlg5w{position:relative;border-bottom:0;color:var(–mb-colour-greyscale-london-35);}@media (min-width: 37.5rem){.css-shlg5w{border-bottom:0.0625rem solid var(–mb-colour-greyscale-london-85);}}.css-shlg5w .ebxshaw0{margin-top:0;}.css-shlg5w >.e5z0ibw0>*{padding:var(–mb-spacing-md) 0;}.css-shlg5w >.e5z0ibw0>*:nth-of-type(2){border-top:0.0625rem solid var(–mb-colour-greyscale-london-85);}@media (min-width: 37.5rem){.css-shlg5w >.e5z0ibw0>*:nth-of-type(2){border-top:0;}}.css-shlg5w >.e5z0ibw0 .e5z0ibw0{gap:var(–mb-spacing-sm);}.css-z11z87{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-align-items:stretch;-webkit-box-align:stretch;-ms-flex-align:stretch;align-items:stretch;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}@media (min-width: 37.5rem){.css-z11z87{-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;}}@media (min-width: 37.5rem){.css-z11z87{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}}@media (min-width: 37.5rem){.css-z11z87{-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;}}.css-1rlefqb{font-size:var(–mb-typestyle-label-2-size);font-variant:var(–mb-typestyle-label-2-figures);font-family:var(–mb-typeface-sans);font-weight:var(–mb-font-weight-regular);line-height:var(–mb-typestyle-label-2-leading);color:var(–mb-colour-greyscale-london-35);} Jul 18th 2024.css-1x6wy4g{font-size:var(–mb-typestyle-label-2-size);font-variant:var(–mb-typestyle-label-2-figures);line-height:var(–mb-typestyle-label-2-leading);margin:0 var(–mb-spacing-xs);}|.css-xfxm4c{font-family:var(–mb-typeface-sans);font-weight:var(–mb-font-weight-regular);font-size:var(–mb-typestyle-label-2-size);font-variant:var(–mb-font-small-caps);line-height:var(–mb-typestyle-label-2-leading);text-transform:lowercase;color:var(–mb-colour-greyscale-london-35);}HONG KONG.css-17do188{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}.css-1s3lugw{display:none;}@media (max-width: 37.4375rem){.css-1s3lugw{display:block;}}.css-11yt5xn{position:relative;display:inline;}.css-11yt5xn .eeg8alx0{z-index:100;position:fixed;left:0;bottom:0;width:100%;border-bottom-left-radius:0;border-bottom-right-radius:0;}@media (min-width: 37.5rem){.css-11yt5xn .eeg8alx0{position:absolute;top:1.5rem;bottom:auto;left:auto;right:0;width:auto;border-radius:0.5rem;}}Share.css-ug4q19{margin-top:0.75rem;width:100%;display:inline-block;}@media (min-width: 37.5rem){.css-ug4q19{margin-top:1.3125rem;}.css-ug4q19:has(.ez7us1o0:first-child),.css-ug4q19:has(.e1wdoy1t0:first-child),.css-ug4q19:has(.eb1dths0:first-child){margin-top:0.875rem;}}.css-ug4q19 .e1wexn3l0{position:relative;}.css-80cr42 *+*{margin-top:0.875rem;}.css-80cr42 .e1mvczvy0{margin-top:0;}.css-80cr42 .ez7us1o0:first-child,.css-80cr42 .e1wdoy1t0:first-child,.css-80cr42 .eb1dths0:first-child{margin:0;}.css-80cr42 .ez7us1o0 +*,.css-80cr42 .e1wdoy1t0 +*,.css-80cr42 .eb1dths0 +*{margin-top:1.75rem;}.css-80cr42 .ez7us1o0 +.e1mvczvy0,.css-80cr42 .e1wdoy1t0 +.e1mvczvy0,.css-80cr42 .eb1dths0 +.e1mvczvy0,.css-80cr42 .ez7us1o0 +.enls6fv0,.css-80cr42 .e1wdoy1t0 +.enls6fv0,.css-80cr42 .eb1dths0 +.enls6fv0,.css-80cr42 .ez7us1o0 +.e1bfu45c0,.css-80cr42 .e1wdoy1t0 +.e1bfu45c0,.css-80cr42 .eb1dths0 +.e1bfu45c0{margin-top:2.1875rem;}.css-80cr42 *+.ez7us1o0,.css-80cr42 *+.e1wdoy1t0,.css-80cr42 *+.eb1dths0{margin-top:1.75rem;}.css-80cr42 .e1mvczvy0+*,.css-80cr42 .enls6fv0+*,.css-80cr42 .e1bfu45c0+*{margin-top:2.1875rem;}.css-80cr42 .exqb7zc0+*{margin-top:1.75rem;}.css-80cr42 *+.exqb7zc0{margin-top:1.75rem;}.css-80cr42 *+.e1w3wqse0{margin-top:1.75rem;}.css-80cr42 .e1w3wqse0+*{margin-top:1.75rem;}.css-80cr42 *+.e1ypdxhw0{margin-top:1.3125rem;}.css-80cr42 *+.e1bfu45c0{margin-top:2.1875rem;}.css-80cr42 .e1bfu45c0+*{margin-top:2.1875rem;}.css-80cr42 .e1bfu45c0+.e1mvczvy0{margin-top:2.1875rem;}.css-80cr42 .e1mvczvy0+.e1bfu45c0{margin-top:2.1875rem;}.css-80cr42 >.e18nv6n10+*{margin-top:0;}.css-80cr42 .ep3wan50+*{margin-top:1.3125rem;}.css-80cr42 .ep3wan50+.ep3wan50{margin-top:0.875rem;}.css-80cr42 >.e13g57ro0+*{margin-top:1.3125rem;}.css-80cr42 .e1ypdxhw0+.e1y9q0ei0{margin-top:1.3125rem;}.css-80cr42 .e13g57ro0+.e1w3wqse0{margin-top:1.3125rem;}.css-80cr42 .e13g57ro0+.exqb7zc0{margin-top:1.3125rem;}.css-80cr42 .e1bfu45c0+.e1bfu45c0{margin-top:1.3125rem;}.css-80cr42 .e1ypdxhw0+.e13g57ro0{margin-top:1.3125rem;}.css-80cr42 .e1ypdxhw0+.e18nv6n10{margin-top:1.3125rem;}.css-80cr42 .e18nv6n10+.e13g57ro0{margin-top:0.875rem;}.css-80cr42 .e18nv6n10+.exqb7zc0{margin-top:1.3125rem;}.css-80cr42 .enls6fv0+*,.css-80cr42 .e1mvczvy0+*{margin-top:2.1875rem;}.css-80cr42 *+.enls6fv0,.css-80cr42 *+.e1mvczvy0{margin-top:2.1875rem;}.css-80cr42 .enls6fv0+.enls6fv0,.css-80cr42 .e1mvczvy0+.e1mvczvy0,.css-80cr42 .enls6fv0+.e1mvczvy0,.css-80cr42 .e1mvczvy0+.enls6fv0{margin-top:1.3125rem;}@media (min-width: 37.5rem){.css-80cr42 .enls6fv1{margin-bottom:0.875rem;}}.css-80cr42 .e1ypdxhw0+.enls6fv1{margin-top:1.3125rem;}.css-80cr42 .e1ypdxhw0+.enls6fv1+.e1y9q0ei0{margin-top:1.3125rem;}.css-80cr42 .e1bfu45c0+.enls6fv1+.e1y9q0ei0{margin-top:2.1875rem;}.css-80cr42 .enls6fv1+.e1y9q0ei0+.e13g57ro0{margin-top:1.3125rem;}.css-80cr42 .e1w3wqse0+.enls6fv1,.css-80cr42 .e1w3wqse0+.enls6fv1+.e1y9q0ei0,.css-80cr42 .exqb7zc0+.enls6fv1+.e1y9q0ei0,.css-80cr42 .exqb7zc0+.enls6fv1{margin-top:2.1875rem;}.css-80cr42 .e1y9q0ei0+.enls6fv1,.css-80cr42 .e1y9q0ei0+.enls6fv1+.e1y9q0ei0,.css-80cr42 .e13g57ro0+.enls6fv1,.css-80cr42 .e13g57ro0+.enls6fv1+.e1y9q0ei0{margin-top:1.3125rem;}.css-80cr42 .e1y9q0ei0+.ep3wan50{margin-top:1.75rem;}@media (max-width: 37.4375rem){.css-80cr42 .enls6fv1+.e1y9q0ei0,.css-80cr42 .exqb7zc0+.enls6fv1+.e1y9q0ei0,.css-80cr42 .e1w3wqse0+.enls6fv1+.e1y9q0ei0{margin-top:0.875rem;}}.css-80cr42 .enls6fv1+*:not(.e1y9q0ei0),.css-80cr42 .enls6fv1+.e1y9q0ei0+*:not(.e1y9q0ei0){clear:both;}.css-80cr42 *:not(.evrxsn0)+.e1y9q0ei0:has([data-caps=’initial’]:first-child),.css-80cr42 *:not(.evrxsn0)+.e1y9q0ei0:has(.drop-cap:first-child){margin-top:1.75rem;}.css-80cr42 .ep3wan50+.e1y9q0ei0:has([data-caps=’initial’]:first-child),.css-80cr42 .ep3wan50+.e1y9q0ei0:has(.drop-cap:first-child){margin-top:1.3125rem;}.css-80cr42 .e1cbnkh80{clear:both;}.css-80cr42 *+.e1cbnkh80{margin-top:2.1875rem;}.css-80cr42 .e1cbnkh80+*{margin-top:2.1875rem;}.css-80cr42 *+.evrxsn0{margin-top:1.75rem;}.css-80cr42 .evrxsn0+*{margin-top:0.875rem;}.css-s6z5ja{margin:1.3125rem 0 2.1875rem;}.css-s6z5ja figure{margin:0;min-width:100%;}.css-s6z5ja figure figcaption{display:inline;font-family:var(–mb-typeface-sans);font-size:var(–mb-typestyle-label-3-size);font-variant:var(–mb-typestyle-label-3-figures);font-weight:var(–mb-font-weight-semibold);line-height:var(–mb-typestyle-label-3-leading);}.css-s6z5ja audio{display:block;margin-top:0.75rem;width:100%;}.css-s6z5ja +figure,.css-s6z5ja +.g-fallback+figure{margin-top:0;}Listen to this story

Your browser does not support the <audio> element.

.css-1l5amll{color:var(–mb-colour-greyscale-london-5);font-family:var(–mb-typeface-serif);font-weight:var(–mb-font-weight-regular);font-size:var(–mb-typestyle-body-2-size);font-variant:var(–mb-typestyle-body-2-figures);line-height:var(–mb-typestyle-body-2-leading);}.css-1l5amll del,.css-1l5amll s{-webkit-text-decoration:strikethrough;text-decoration:strikethrough;}.css-1l5amll strong,.css-1l5amll b{font-weight:var(–mb-font-weight-bold);}.css-1l5amll em,.css-1l5amll i{font-style:italic;}.css-1l5amll sup{font-feature-settings:’sups’ 1;}.css-1l5amll sub{font-feature-settings:’subs’ 1;}.css-1l5amll small,.css-1l5amll .small-caps{display:inline;font-size:inherit;font-variant:var(–mb-font-small-caps);text-transform:lowercase;}.css-1l5amll u,.css-1l5amll .underline{-webkit-text-decoration:underline;text-decoration:underline;text-underline-offset:0.125rem;text-decoration-thickness:0.0625rem;}.css-1l5amll a{color:var(–mb-colour-greyscale-london-5);-webkit-text-decoration:underline;text-decoration:underline;text-decoration-color:var(–mb-colour-base-chicago-45);text-decoration-thickness:0.0625rem;text-underline-offset:0.1875rem;}.css-1l5amll a:hover{color:var(–mb-colour-base-chicago-30);-webkit-text-decoration:underline;text-decoration:underline;text-decoration-color:var(–mb-colour-base-chicago-30);text-decoration-thickness:var(–mb-spacing-3xs);}.css-1l5amll a:focus{background-color:var(–mb-colour-base-chicago-90);color:var(–mb-colour-greyscale-london-5);outline:none;-webkit-text-decoration:underline;text-decoration:underline;text-decoration-color:var(–mb-colour-greyscale-london-5);text-decoration-thickness:var(–mb-spacing-3xs);}.css-1l5amll a:active{background-color:var(–mb-colour-base-chicago-90);color:var(–mb-colour-base-chicago-30);text-decoration-color:var(–mb-colour-base-chicago-30);text-decoration-thickness:var(–mb-spacing-3xs);-webkit-text-decoration:underline;text-decoration:underline;}.css-1l5amll [data-caps=’initial’],.css-1l5amll .drop-cap{float:left;font-feature-settings:’ss08′ 1;font-size:3.5rem;height:3.25rem;line-height:1;margin:0.0625rem 0.2rem 0 0;text-transform:uppercase;}.css-1l5amll [data-ornament=’ufinish’],.css-1l5amll .ufinish{color:var(–mb-colour-brand-red);}.css-1l5amll [data-ornament=’ufinish’]::before,.css-1l5amll .ufinish::before{font-size:var(–mb-typestyle-body-2-size);font-variant:var(–mb-typestyle-body-2-figures);line-height:var(–mb-typestyle-body-2-leading);content:’ ‘;}

Properties on the Peak, a rich neighbourhood in Hong Kong, are among the world’s most desirable. But nobody lives in Dragon Lodge, an Italianate mansion built in the 1920s. It was abandoned shortly after it sold, for HK$118m ($15m), in 1997. Rumour has it that nuns were beheaded there during the Japanese occupation in the second world war; they haunt the shadowy halls.

Dragon Lodge is known in Cantonese as a hongza, or “calamity house”. In Hong Kong’s expensive property market that label can make even the swankiest homes places to avoid. A paper in 2020 by Utpal Bhattacharya of the Hong Kong University of Science and Technology and fellow academics said ghost-inhabited homes in the city lose a fifth of their value on average; the prices of flats on the same floor as one drop by 9%. Murders can kill prices by 34%.

Property dealers need to be wary of ghouls. In 2004 a court ordered Centaline Property, an estate agency, to pay $40,000 for failing to tell a buyer that a property was a hongza. Spacious, a rental website, features a grisly page that lists properties where untimely deaths occur. Buyers of such places must pay more for their mortgages because their properties are harder to sell. Hui Wing Cheong, an estate agent, says his company has a hauntings database.

Homes do not need to be haunted to be tainted by death; those near cemeteries and funeral parlours are cheaper too. Even the prices of homes for the dead—columbariums—drop by half if they might be haunted, says Andrew Kipnis of the Chinese University of Hong Kong.

.css-1lhdxpm{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;container-name:onward-articles;container-type:inline-size;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;margin:2.188rem 0;}.css-1lhdxpm a>span,.css-1lhdxpm a:has(> span:first-child + span){margin-top:0;}.css-1lhdxpm ul{margin-top:var(–mb-spacing-md);}.css-1lhdxpm h2{font-size:var(–mb-typestyle-label-3-size);font-variant:var(–mb-typestyle-label-3-figures);line-height:var(–mb-typestyle-label-3-leading);}@container onward-articles (min-width:37.5rem) and (max-width:80rem){.e11kl3g90 .e1kb1ha80{float:none;margin:0;padding:0;width:100%;}.e11kl3g90 .e1kb1ha80 +.exn4l0u0{margin-top:0.5rem;}.ejvhmuq0:has(.e11kl3g90){display:grid;grid-gap:var(–mb-responsive-grid-gutter);grid-template-columns:repeat(3,1fr);}.ejvhmuq0:has(.e11kl3g90) li{border:0;padding-bottom:0;}.ejvhmuq0:has(.e11kl3g90) li+li{margin-top:0;}}@media (min-width: 80rem){.css-1lhdxpm{–total-columns:6;–total-gutters:calc(var(–total-columns) – 1);–component-columns:3;–component-gutters:calc(var(–component-columns) – 1);–offset:1;–width-per-gutter:var(–mb-responsive-grid-gutter);–remaining-column-space:calc( 100% – (var(–total-gutters) * var(–width-per-gutter)) );–width-per-column:calc( var(–remaining-column-space) / var(–total-columns) );–component-offset-left:calc( ( (var(–width-per-column) * var(–offset)) + (var(–width-per-gutter) * var(–offset)) ) * -1 );–component-total-width:calc( (var(–width-per-column) * var(–component-columns)) + (var(–width-per-gutter) * var(–component-gutters)) );float:left;margin-left:var(–component-offset-left);margin-top:0;margin-bottom:0;padding-bottom:1.656rem;padding-right:2.125rem;padding-top:1.375rem;width:var(–component-total-width);}}@media (min-width: 89rem){.css-1lhdxpm{–total-columns:8;–component-columns:4;–offset:2;}}

More from China

.css-14gnxf6 li{border-bottom:var(–mb-border-standard);padding-bottom:1rem;}.css-14gnxf6 li+li{margin-top:1rem;}.css-14gnxf6 li:last-child{border-bottom:0;padding-bottom:0;margin-bottom:0.5rem;}

• .css-195326x{position:relative;width:100%;margin-top:0;overflow:hidden;}.eeawncf0 .css-195326x,.e1ns5z760 .css-195326x{margin-top:0;margin-bottom:0;}@media (min-width: 22.5rem){.eeawncf0 .css-195326x,.e1ns5z760 .css-195326x{margin-top:0;margin-bottom:0;}}@media (min-width: 37.5rem){.eeawncf0 .css-195326x,.e1ns5z760 .css-195326x{margin-top:0;margin-bottom:0;}}@media (min-width: 60rem){.eeawncf0 .css-195326x,.e1ns5z760 .css-195326x{margin-top:-0.25rem;margin-bottom:0;}}@media (min-width: 80rem){.eeawncf0 .css-195326x,.e1ns5z760 .css-195326x{margin-top:0;margin-bottom:0;}}.e1ft9m2r0 .css-195326x{margin-left:0.75rem;margin-top:0;}@media (max-width:29.9375rem){.e1ft9m2r0 .css-195326x{padding-top:0.375rem;}}.css-5misog{position:relative;margin:0.25rem 0 0 1.5rem;padding:0;float:right;width:33%;}.css-5misog img{display:block;}.css-5misog svg{bottom:0;display:block;left:0;position:absolute;width:15%;}.css-5misog+.exn4l0u0{margin-top:0;}.css-5misog+.e9vcwtd0{margin-top:0;}.css-5misog+.e1etum70{margin-top:0;}.css-apziln{font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-title-1-size);font-variant:var(–mb-typestyle-title-1-figures);font-weight:500;line-height:var(–mb-typestyle-title-1-leading);}.css-apziln a{-webkit-text-decoration:none;text-decoration:none;color:var(–mb-colour-greyscale-london-5);display:block;}.css-apziln a:hover,.css-apziln a:hover{color:var(–mb-colour-base-chicago-30);-webkit-text-decoration:underline;text-decoration:underline;}.css-apziln a:focus,.css-apziln a:focus{background-color:var(–mb-colour-base-chicago-95);color:var(–mb-colour-greyscale-london-5);outline:none;-webkit-text-decoration:underline;text-decoration:underline;}.css-apziln a:active,.css-apziln a:active{color:var(–mb-colour-base-chicago-30);}.css-apziln a::before{bottom:0;content:”;display:block;left:0;opacity:0;overflow:hidden;position:absolute;right:0;text-indent:-999em;top:0;white-space:nowrap;z-index:1;}.css-apziln+.esimp700,.css-apziln+style+.esimp700{margin-top:0.25rem;}.e1p220na0 .css-apziln+.esimp700{margin-top:0;}
  

  Could China and India become friends?

• 
  

  Chinese authorities try to stop parents gaming the exam system (again)

• 
  

  China’s alarming sex imbalance

⇒All of our China coverage

Mr Kipnis points out that rural communities in China do not typically show an aversion to the dead. The deceased are usually kept at home before funerals. But Hong Kong is different.

Unlike the mainland, the city has not undergone fierce campaigns against superstition. The dead are hurriedly removed from premises, heightening a sense that they are to be feared. People in big cities are also more likely to live and die on their own in unhappy circumstances. A study in 2023 found that 41% of elderly people surveyed in Hong Kong were socially isolated. Hong Kong’s rapidly evolving cityscape conjures apparitions, too. The turnover of tenants and buildings results in a greater fear of skeletons lurking in the closet. ■

Subscribers can sign up to Drum Tower, our new weekly newsletter, to understand what the world makes of China—and what China makes of the world.

.css-1h7zq19{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;margin:1.3125rem 0 2.1875rem 0;gap:var(–mb-spacing-sm);}@media (min-width: 60rem){.css-1h7zq19{-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;gap:var(–mb-spacing-sm);}}.css-1h7zq19 nav{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;gap:var(–mb-spacing-sm);-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}.css-rb5rp6{font-family:var(–mb-typeface-sans);font-size:var(–mb-typestyle-title-1-size);font-style:normal;font-weight:var(–mb-font-weight-regular);line-height:var(–mb-typestyle-title-1-leading);font-variant:var(–mb-typestyle-title-1-figures);white-space:nowrap;-webkit-align-self:start;-ms-flex-item-align:start;align-self:start;}@media (min-width: 60rem){.css-rb5rp6{padding-top:var(–mb-spacing-2xs);}}

Explore more

ChinaHong Kong.css-2x8c4j{margin:0.875rem 0;}.css-2x8c4j .e12sz0jx0+*{margin-top:0.875rem;}.el1rg701+.css-2x8c4j{margin-top:0;}.css-1aogxph{color:var(–mb-colour-greyscale-london-20);font-family:var(–mb-typeface-sans);font-size:var(–mb-typestyle-label-2-size);font-variant:var(–mb-typestyle-label-2-figures);line-height:var(–mb-typestyle-label-2-leading);}.css-1aogxph s,.css-1aogxph del{-webkit-text-decoration:line-through;text-decoration:line-through;text-decoration-thickness:0.0625rem;}.css-1aogxph b{font-weight:var(–mb-font-weight-semibold);}.css-1aogxph i{font-style:italic;}.css-1aogxph sup{font-feature-settings:’sups’ 1;}.css-1aogxph sub{font-feature-settings:’subs’ 1;}.css-1aogxph u{text-decoration-thickness:0.0625rem;}.css-1aogxph a{color:var(–mb-colour-greyscale-london-20);-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-underline-offset:0.1875rem;}.css-1aogxph a:hover,.css-1aogxph a:focus,.css-1aogxph a:active{text-decoration-thickness:var(–mb-spacing-3xs);}.css-1aogxph a:hover{color:var(–mb-colour-base-chicago-30);}.css-1aogxph a:hover span{text-decoration-color:var(–mb-colour-base-chicago-30);}.css-1aogxph a:focus{background-color:var(–mb-colour-base-chicago-90);color:var(–mb-colour-greyscale-london-5);text-decoration-color:var(–mb-colour-greyscale-london-5);outline:none;}.css-1aogxph a:active{background-color:var(–mb-colour-base-chicago-90);color:var(–mb-colour-base-chicago-30);text-decoration-color:var(–mb-colour-base-chicago-30);}

This article appeared in the China section of the print edition under the headline “The spectre of lower prices”

.css-1i1rou5 div>div:first-child{margin-left:var(–mb-spacing-lg);}.css-1i1rou5 ul>li:last-child{padding-bottom:0;border-bottom:0;}

China

July 20th 2024

• →Xi Jinping is trying to love-bomb China’s entrepreneurs
• →Fury erupts in China over a food-safety scandal
• →The No.1 reason for success in China? Connections
• →A spectre looms over Hong Kong’s property market
• →When party propaganda falls flat

.css-ra48xw{font-family:var(–mb-typeface-serif);position:relative;}.css-duuyjs{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-box-pack:column;-ms-flex-pack:column;-webkit-justify-content:column;justify-content:column;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;text-align:center;-webkit-column-gap:var(–mb-spacing-lg);column-gap:var(–mb-spacing-lg);}.css-s61v3v{border-radius:0.125rem;box-shadow:-0.125rem 0.125rem 0.25rem 0 rgba(0,0,0,0.4);margin-bottom:0.75rem;min-width:10rem;max-width:12rem;}@media (min-width: 37.5rem){.css-s61v3v{min-width:12rem;}}.css-s61v3v img{display:block;max-width:100%;}.css-std7t4{max-width:16rem;}.css-nba04v{color:var(–mb-colour-greyscale-london-5);font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-title-3-size);font-variant:var(–mb-typestyle-title-3-figures);font-weight:var(–mb-font-weight-medium);line-height:var(–mb-typestyle-title-3-leading);margin-bottom:0.25rem;}

From the July 20th 2024 edition

.css-exdolm{color:var(–mb-colour-greyscale-london-5);font-size:var(–mb-typestyle-body-1-size);font-variant:var(–mb-typestyle-body-1-figures);font-weight:var(–mb-font-weight-regular);line-height:var(–mb-typestyle-body-1-leading);margin-bottom:1.5rem;}

Discover stories from this section and more in the list of contents

⇒Explore the edition.css-v7aorn{margin-top:0.875rem;}.css-v7aorn +.eq1asik0{margin-top:3rem;padding-bottom:0;}.el1rg701+.css-v7aorn{margin-top:0;}.css-9ejc71{position:relative;border-bottom:0;border-top:0.0625rem solid var(–mb-colour-greyscale-london-85);color:var(–mb-colour-greyscale-london-35);}.css-9ejc71 .ebxshaw0{margin-top:0;}.css-9ejc71 >.e5z0ibw0>*{padding:var(–mb-spacing-md) 0;}.css-9ejc71 >.e5z0ibw0>*:nth-of-type(2){border-top:0.0625rem solid var(–mb-colour-greyscale-london-85);}@media (min-width: 37.5rem){.css-9ejc71 >.e5z0ibw0>*:nth-of-type(2){border-top:0;}}.css-9ejc71 >.e5z0ibw0 .e5z0ibw0{gap:var(–mb-spacing-sm);}.css-yb4x8x{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-align-items:stretch;-webkit-box-align:stretch;-ms-flex-align:stretch;align-items:stretch;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}@media (min-width: 37.5rem){.css-yb4x8x{-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;}}@media (min-width: 37.5rem){.css-yb4x8x{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}}@media (min-width: 37.5rem){.css-yb4x8x{-webkit-box-pack:end;-ms-flex-pack:end;-webkit-justify-content:flex-end;justify-content:flex-end;}}.css-1j1j36d{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;row-gap:0.6rem;-webkit-column-gap:var(–mb-spacing-sm);column-gap:var(–mb-spacing-sm);}ShareReuse this content.css-169lzn0{position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;display:none;}@media (min-width: 80rem){.css-169lzn0{grid-column-start:9;}}@media (min-width: 89rem){.css-169lzn0{grid-column-start:13;}}@media (min-width: 80rem){.css-169lzn0{grid-column-end:13;}}@media (min-width: 89rem){.css-169lzn0{grid-column-end:17;}}@media (min-width: 80rem){.css-169lzn0{grid-row-start:1;}}@media (min-width: 80rem){.css-169lzn0{grid-row-end:span 4;}}@media (min-width: 80rem){.css-169lzn0{display:block;}}.css-169lzn0:last-child::after{height:0;}.css-1y1zooy{display:inline;}.css-1y1zooy >*+*{margin-top:2rem;}.css-1y1zooy >*:only-child{margin-top:1.25rem;}.css-1y1zooy >*:last-child{position:-webkit-sticky;position:sticky;top:1.5rem;}.css-mqgbir{margin-top:6rem;}.css-mqgbir .ds-section-headline{margin-bottom:1rem;}

More from China

@media (min-width: 60rem){.css-1os14tz .e141dkbw0 .e141dkbw0:last-of-type{padding-bottom:1.5rem;}}@media (min-width: 60rem){.css-1os14tz .e141dkbw0 .e141dkbw0{padding-bottom:1.5rem;}}@media (min-width: 80rem){.css-1os14tz .e141dkbw0 .e141dkbw0{padding-bottom:0;}}@media (min-width: 60rem){.css-1os14tz .e141dkbw0>hr+.e11kl3g90:last-of-type{padding-bottom:1.5rem;}}@media (min-width: 60rem){.css-1os14tz .e141dkbw0:nth-of-type(5){padding-bottom:1.5rem;}}.css-1os14tz .e3mhczn0 .e3mhczn0{margin-top:-0.25rem;}@media (min-width: 80rem){.css-1os14tz .e141dkbw0:nth-of-type(3) .e3mhczn0{margin-top:0;}}.css-114o6rp{display:grid;grid-auto-flow:row;grid-column-gap:var(–mb-responsive-grid-gutter);grid-row-gap:2.75rem;grid-auto-columns:1fr;margin-left:auto;margin-right:auto;max-width:89.5rem;overflow:hidden;position:relative;grid-row-gap:1.5rem;grid-template-areas:”group1″ “line” “group2” “line2” “group3″;}@media (min-width: 60rem){.css-114o6rp{grid-template:auto/repeat(12, minmax(0, 1fr));}}@media (min-width: 60rem){.css-114o6rp{grid-template-areas:”group1 group1 group1 group1 group1 group1 group2 group2 group2 group2 group2 group2” “line line line line line line line line line line line line” “group3 group3 group3 group3 group3 group3 group3 group3 group3 group3 group3 group3″;}}@media (min-width: 80rem){.css-114o6rp{grid-template-areas:”group1 group1 group1 group1 group2 group2 group2 group2 group2 group3 group3 group3″;}}.css-1f07iwu{grid-area:group1;position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;}.css-1f07iwu::after{background-color:var(–mb-colour-greyscale-london-85);content:”;height:100%;position:absolute;right:-1rem;right:calc(-1 * var(–ds-grid-gap));top:0;width:1px;}.css-1f07iwu:last-child::after{height:0;}.css-12lyffs{position:relative;width:100%;margin-top:0;overflow:hidden;display:block;}.eeawncf0 .css-12lyffs,.e1ns5z760 .css-12lyffs{margin-top:0;margin-bottom:0;}@media (min-width: 22.5rem){.eeawncf0 .css-12lyffs,.e1ns5z760 .css-12lyffs{margin-top:0;margin-bottom:0;}}@media (min-width: 37.5rem){.eeawncf0 .css-12lyffs,.e1ns5z760 .css-12lyffs{margin-top:0;margin-bottom:0;}}@media (min-width: 60rem){.eeawncf0 .css-12lyffs,.e1ns5z760 .css-12lyffs{margin-top:-0.25rem;margin-bottom:0;}}@media (min-width: 80rem){.eeawncf0 .css-12lyffs,.e1ns5z760 .css-12lyffs{margin-top:0;margin-bottom:0;}}.e1ft9m2r0 .css-12lyffs{margin-left:0.75rem;margin-top:0;}@media (max-width:29.9375rem){.e1ft9m2r0 .css-12lyffs{padding-top:0.375rem;}}.css-koo8ga{position:relative;float:none;width:100%;margin:0;padding:0;}.css-koo8ga img{display:block;}.css-koo8ga svg{bottom:0;display:block;left:0;position:absolute;width:15%;}.css-koo8ga+.exn4l0u0{margin-top:0.5rem;}.css-koo8ga+style+.exn4l0u0{margin-top:0.5rem;}.css-koo8ga+.e9vcwtd0{margin-top:0.5rem;}.css-koo8ga+style+.e9vcwtd0{margin-top:0.5rem;}.css-koo8ga+.e1etum70{margin-top:0.5rem;}.css-koo8ga+style+.e1etum70{margin-top:0.5rem;}.css-fjl2tu{font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-title-4-size);font-variant:var(–mb-typestyle-title-4-figures);font-weight:normal;line-height:var(–mb-typestyle-title-4-leading);}.css-fjl2tu a{-webkit-text-decoration:none;text-decoration:none;color:var(–mb-colour-greyscale-london-5);display:block;}.css-fjl2tu a:hover,.css-fjl2tu a:hover{color:var(–mb-colour-base-chicago-30);-webkit-text-decoration:underline;text-decoration:underline;}.css-fjl2tu a:focus,.css-fjl2tu a:focus{background-color:var(–mb-colour-base-chicago-95);color:var(–mb-colour-greyscale-london-5);outline:none;-webkit-text-decoration:underline;text-decoration:underline;}.css-fjl2tu a:active,.css-fjl2tu a:active{color:var(–mb-colour-base-chicago-30);}.css-fjl2tu a::before{bottom:0;content:”;display:block;left:0;opacity:0;overflow:hidden;position:absolute;right:0;text-indent:-999em;top:0;white-space:nowrap;z-index:1;}.css-fjl2tu+.esimp700,.css-fjl2tu+style+.esimp700{margin-top:0.5rem;}.e1p220na0 .css-fjl2tu+.esimp700{margin-top:0;}

Chinese authorities try to stop parents gaming the exam system (again)

.css-1p38euj{color:var(–mb-colour-greyscale-london-5);font-family:var(–mb-typeface-serif);max-width:43.75rem;font-size:var(–mb-typestyle-body-1-size);font-variant:var(–mb-typestyle-body-1-figures);line-height:var(–mb-typestyle-body-1-leading);}

They will go to great lengths to try

.css-o65eh1{grid-area:group2;position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;}.css-o65eh1::after{background-color:var(–mb-colour-greyscale-london-85);content:”;height:100%;position:absolute;right:-1rem;right:calc(-1 * var(–ds-grid-gap));top:0;width:1px;}.css-o65eh1:last-child::after{height:0;}.css-153odn9{position:relative;width:100%;margin-top:0;overflow:hidden;display:block;}.eeawncf0 .css-153odn9,.e1ns5z760 .css-153odn9{margin-top:0;margin-bottom:0;}@media (min-width: 22.5rem){.eeawncf0 .css-153odn9,.e1ns5z760 .css-153odn9{margin-top:0;margin-bottom:0;}}@media (min-width: 37.5rem){.eeawncf0 .css-153odn9,.e1ns5z760 .css-153odn9{margin-top:0;margin-bottom:0;}}@media (min-width: 60rem){.eeawncf0 .css-153odn9,.e1ns5z760 .css-153odn9{margin-top:-0.25rem;margin-bottom:0;}}@media (min-width: 80rem){.eeawncf0 .css-153odn9,.e1ns5z760 .css-153odn9{margin-top:0;margin-bottom:0;}}.e1ft9m2r0 .css-153odn9{margin-left:0.75rem;margin-top:0;}@media (max-width:29.9375rem){.e1ft9m2r0 .css-153odn9{padding-top:0.375rem;}}.css-cxlel1{position:relative;float:none;width:100%;margin:0;padding:0;}.css-cxlel1 img{display:block;}.css-cxlel1 svg{bottom:0;display:block;left:0;position:absolute;width:15%;}.css-cxlel1+.exn4l0u0{margin-top:0.5rem;}.css-cxlel1+style+.exn4l0u0{margin-top:0.5rem;}.css-cxlel1+.e9vcwtd0{margin-top:0.5rem;}.css-cxlel1+style+.e9vcwtd0{margin-top:0.5rem;}.css-cxlel1+.e1etum70{margin-top:0.5rem;}.css-cxlel1+style+.e1etum70{margin-top:0.5rem;}@media (min-width: 30rem){.css-cxlel1{margin:0.25rem 0 0 1.5rem;padding:0;float:right;width:33%;}.css-cxlel1+.exn4l0u0{margin-top:0;}.css-cxlel1+.e9vcwtd0{margin-top:0;}.css-cxlel1+.e1etum70{margin-top:0;}}.css-1mxvqtz{font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-title-3-size);font-variant:var(–mb-typestyle-title-3-figures);font-weight:normal;line-height:var(–mb-typestyle-title-3-leading);}.css-1mxvqtz a{-webkit-text-decoration:none;text-decoration:none;color:var(–mb-colour-greyscale-london-5);display:block;}.css-1mxvqtz a:hover,.css-1mxvqtz a:hover{color:var(–mb-colour-base-chicago-30);-webkit-text-decoration:underline;text-decoration:underline;}.css-1mxvqtz a:focus,.css-1mxvqtz a:focus{background-color:var(–mb-colour-base-chicago-95);color:var(–mb-colour-greyscale-london-5);outline:none;-webkit-text-decoration:underline;text-decoration:underline;}.css-1mxvqtz a:active,.css-1mxvqtz a:active{color:var(–mb-colour-base-chicago-30);}.css-1mxvqtz a::before{bottom:0;content:”;display:block;left:0;opacity:0;overflow:hidden;position:absolute;right:0;text-indent:-999em;top:0;white-space:nowrap;z-index:1;}.css-1mxvqtz+.esimp700,.css-1mxvqtz+style+.esimp700{margin-top:0.5rem;}.e1p220na0 .css-1mxvqtz+.esimp700{margin-top:0;}

China’s alarming sex imbalance

By 2027 one in six young Chinese men won’t be able to find a partner

.css-1r8cil5{border-width:0;border-top:1px solid var(–mb-colour-greyscale-london-85);margin:1.5rem 0;margin:1.5rem 0 1.25rem;width:100%;}

Behind DeepSeek lies a dazzling Chinese university

It models itself on Stanford, and is in the tech hotspot of Hangzhou

.css-tmnt5q{font-family:var(–mb-typeface-serif);font-size:var(–mb-typestyle-title-2-size);font-variant:var(–mb-typestyle-title-2-figures);font-weight:500;line-height:var(–mb-typestyle-title-2-leading);}.css-tmnt5q a{-webkit-text-decoration:none;text-decoration:none;color:var(–mb-colour-greyscale-london-5);display:block;}.css-tmnt5q a:hover,.css-tmnt5q a:hover{color:var(–mb-colour-base-chicago-30);-webkit-text-decoration:underline;text-decoration:underline;}.css-tmnt5q a:focus,.css-tmnt5q a:focus{background-color:var(–mb-colour-base-chicago-95);color:var(–mb-colour-greyscale-london-5);outline:none;-webkit-text-decoration:underline;text-decoration:underline;}.css-tmnt5q a:active,.css-tmnt5q a:active{color:var(–mb-colour-base-chicago-30);}.css-tmnt5q a::before{bottom:0;content:”;display:block;left:0;opacity:0;overflow:hidden;position:absolute;right:0;text-indent:-999em;top:0;white-space:nowrap;z-index:1;}.css-tmnt5q+.esimp700,.css-tmnt5q+style+.esimp700{margin-top:0.25rem;}.e1p220na0 .css-tmnt5q+.esimp700{margin-top:0;}

Panama symbolises the Sino-American struggle for influence

The superpowers use soft and hard power

.css-xxci4{grid-area:group3;position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;}.css-xxci4::after{background-color:var(–mb-colour-greyscale-london-85);content:”;height:100%;position:absolute;right:-1rem;right:calc(-1 * var(–ds-grid-gap));top:0;width:1px;}.css-xxci4:last-child::after{height:0;}.css-tlw2sg{display:grid;grid-auto-flow:row;grid-column-gap:var(–mb-responsive-grid-gutter);grid-row-gap:2.75rem;grid-auto-columns:1fr;margin-left:auto;margin-right:auto;max-width:89.5rem;overflow:hidden;position:relative;}@media (min-width: 60rem){.css-tlw2sg{grid-template:auto/repeat(2, minmax(0, 1fr));}}@media (min-width: 80rem){.css-tlw2sg{grid-template:auto/repeat(1, minmax(0, 1fr));}}.css-1smej6r{position:relative;-webkit-align-self:auto;-ms-flex-item-align:auto;align-self:auto;}.css-1smej6r::after{background-color:var(–ds-color-london-85);bottom:-1.5rem;content:””;height:1px;position:absolute;left:0;width:calc(110% + var(–ds-grid-gap));}@media (min-width: 60rem){.css-1smej6r::before{background-color:var(–ds-color-london-85);content:””;height:100%;position:absolute;right:calc(-1 * var(–ds-grid-gap));top:0;width:1px;}.css-1smej6r::after{background-color:var(–ds-color-london-85);bottom:-1.5rem;content:””;height:1px;position:absolute;left:0;width:calc(110% + var(–ds-grid-gap));}}@media (min-width: 80rem){.css-1smej6r::after{background-color:var(–ds-color-london-85);bottom:-1.5rem;content:””;height:1px;position:absolute;left:0;width:calc(110% + var(–ds-grid-gap));}}.css-1smej6r:last-child::after{height:0;}

Tensions with the West are fuelling China’s anxiety about food supplies

Grain pains are growing

Hail China’s new “ice-and-snow economy”

The country is betting on winter sports and tourism to boost growth in its rustbelt

.css-15mtz82{border-width:0;border-top:1px solid var(–mb-colour-greyscale-london-85);grid-area:line;margin:0;margin:1.5rem 0 1.25rem;margin:0;width:100%;display:block;}@media (min-width: 80rem){.css-15mtz82{display:none;}}.css-kph0pz{border-width:0;border-top:1px solid var(–mb-colour-greyscale-london-85);grid-area:line2;margin:0;margin:1.5rem 0 1.25rem;margin:0;width:100%;display:block;}@media (min-width: 60rem){.css-kph0pz{display:none;}}

Источник: www.economist.com