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China's hospitals close their obstetrics departments.
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China's hospitals close their obstetrics departments.

In a move sparked by business adjustments and decreasing birth rates, Ningbo City Yinzhou District Second Hospital has closed its Obstetrics Department. This news has triggered widespread attention on Chinese social media platforms like Weibo, with netizens expressing their reactions to the closure in various ways.

China's Housing Market Oversupply and the Plight of Millions Without Homes
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China's Housing Market Oversupply and the Plight of Millions Without Homes

In recent weeks, two high-ranking officials from the National Bureau of Statistics of China (NBS) and the Ministry of Housing and Urban-Rural Development (MOHURD), have made shocking revelations about the state of the country's housing market. The former Vice Head of the NBS, Hai Bin, spoke at the 2023 China Real Economy Development Conference and claimed that there is currently an oversupply of real estate in China, with approximately 140 million people potentially lacking adequate housing. Meanwhile, former Vice Minister of MOHURD, Zuo Baoxing, revealed at the 2022 China Forum on High-Quality City Development that the vacancy rate has reached 15%, with some provinces having rates as high as 25% or even 30%.