BANGKOK (Thomson Reuters Foundation) - Chinese tech giant Tencent is creating a “smart city” that utilises technology to put people and the environment first, a model that could be applied to other urban developments after the coronavirus, the project’s architect said on Wednesday.
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Since the coronavirus pandemic battered China's economy, tens of millions of urban and factory jobs have evaporated.
Some workers and business owners have banded together to pressure companies or local governments for subsidies and payouts.
Fitch Ratings-Hong Kong-06 May 2020: China's new policy granting greater autonomy to provincial-level governments over land conversions and farmland acquisitions will assist fiscal and economic performance in the medium to long term, via increased governance efficiency of land management on the local level, Fitch Ratings says.