Beijing Turns Its Back On Migrant Workers

Lin Huiqing, who works for a moving company, stands inside his cousin's room where he now lives temporarily after he was evicted from his room at a migrant village on the outskirts of Beijing.PHOTO: AFP
Lin Huiqing, who works for a moving company, stands inside his cousin's room where he now lives temporarily after he was evicted from his room at a migrant village on the outskirts of Beijing.PHOTO: AFP
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Beijing Turns Its Back On Migrant Workers

Lin Huiqing, who works for a moving company, stands inside his cousin's room where he now lives temporarily after he was evicted from his room at a migrant village on the outskirts of Beijing.PHOTO: AFP
Lin Huiqing, who works for a moving company, stands inside his cousin's room where he now lives temporarily after he was evicted from his room at a migrant village on the outskirts of Beijing.PHOTO: AFP

They fuelled their nation's dramatic economic rise, toiling in jobs far from home, but China's migrant workers are now finding themselves increasingly unwelcome as authorities try to cap the population explosions in key cities.

Mr. Lin Huiqing moved to Beijing to look for work when his children were still in diapers.

For the last 18 years, he has seen his family just once a year, the rest spent doing the hard labor most Beijingers would prefer to avoid.

The 50-year-old is one of hundreds of millions of migrants who moved from the countryside to the cities, a colossal demographic shift that made China's ascent possible.

But last month (Dec 2017), Mr. Lin was evicted from the village where he lived on the capital's outskirts, another victim of a city-wide demolition plan to limit Beijing's population to 23 million by 2020 - a target that could come at the cost of its economy.

"If I go home, I have no way to support my wife and kids," Mr. Lin lamented.

According to the Communist Party mouthpiece People's Daily, the city plans to demolish 40 million sqm of "illegal" structures.

Many are the homes and shops of low-income migrants such as Mr. Lin.

When he first arrived in Beijing, Mr. Lin and his friends pooled their money and took out loans to purchase delivery trucks.

He made a living hauling the wares of small-scale shopkeepers and traders, but the moving business has taken a hit as the city condemns buildings en masse, evicting tens of thousands into the winter cold.

"Our customers are commoners like us," he said. "With their small businesses shut down, there's no stock for us to move. We're basically unemployed now."

Authorities say the campaign, which kicked into high gear after a fire in an illegal structure killed 19 in November, is needed to clean the city up once and for all.

But it is also removing vibrant chunks of Beijing's economy, such as retail and small-scale manufacturing, and throwing into chaos other sectors like delivery, the bedrock of the booming e-commerce trade.

Relegated to the periphery, migrants have kept China's economy humming, handling the difficult, dirty and sometimes dangerous work that the city's permanent residents would not do.

Urban industries such as construction, domestic work and sanitation are almost completely staffed by migrants.

Associate professor of international and comparative labor Eli Friedman at Cornell University said China's biggest cities "simply cannot function without migrant workers".

"If every non-local were to actually be removed from cities like Beijing, Shanghai and Guangzhou, these economic engines for the whole country would completely collapse," he told AFP.

But that is exactly what is happening, said Mr. Li Ning, one of the 60,000 delivery drivers who criss-cross Beijing's streets.

Mr. Li was recently evicted from a village on the city's outskirts, forcing him into an apartment where the rent quadrupled.

Then authorities came for his delivery company's warehouse, forcing staff to sort packages on the sidewalk and sending his income plummeting.

"In Beijing, all the migrants are leaving. We can't make it here anymore," he said, adding that he plans to leave for good during the upcoming spring festival.

Another delivery franchise owner surnamed Wang said she will "give up" if authorities knock down her current warehouse, which they marked in black paint with the character "chai", or demolish in Chinese, in mid-December.

She had just moved in on Dec 1, after she had to close two other delivery hubs, forcing her to cut her workforce from 240 couriers to 60.

"There's no stability. I don't know what I'll be facing tomorrow," she said, tears welling in her eyes.

The demolitions have also hit Beijing's retail sector, decimating once affordable mom and pop shops and pushing consumers online or into high-end malls.

Two years ago, Mr. Ge Guoxiang moved with his wife from their home province of Jiangsu to take over his brother's textiles stall.

It had thrived for over 20 years in Beijing's Tuanjiehu Tianyu market. But three months ago, they received notice that authorities will shutter the market.

Dozens of small-scale community markets have been forced to shut down this year - including the iconic Beijing Zoo market, where hundreds of merchants organized rare street protests against the evictions.

Officials said they have designated certain areas in the neighboring Hebei province where merchants can move their businesses to.

But Mr. Ge is unconvinced.

"It takes years for businesses like ours to build up clientele. Now we have to start over," he said. "Our clients are mostly older people who don't know how to shop online. Where will they go?"



Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
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Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)

Saudi Arabia's real estate market continues to attract investment despite geopolitical challenges weighing on economic activity worldwide, supported by new housing developments and efforts to expand residential supply.

The Ministry of Municipalities and Housing announced that more than 15,000 residential land plots had been made available through the Sakani platform across the Kingdom between the beginning of 2026 and the end of October, alongside additional projects launched by private-sector developers.

The developments underscore the sector's continued momentum and its importance to the Saudi economy.

Government initiatives and private-sector projects aim to expand housing supply and meet growing demand, reinforcing real estate's position as a key driver of economic growth and diversification.

Strong domestic demand and ongoing urban development projects continue to underpin the market's appeal, attracting investment from both Saudi and international investors.

Against a backdrop of geopolitical uncertainty and war-related disruptions to trade, supply chains, financing costs and construction expenses, the real estate sector has gained importance as an industry driven largely by domestic demand and capable of sustaining economic activity.

Private-Sector Investment

Despite mounting global economic volatility and geopolitical tensions, Saudi Arabia's real estate market continues to attract international investment, supported by clear economic policies, expanding development opportunities and strong housing demand.

Real estate developer Arada recently announced its entry into the Saudi market through a partnership with local company XTOPIA, backed by a SAR 50 billion ($13.3 billion) portfolio of land and development opportunities.

The partnership's first project is a SAR 14 billion residential development in Riyadh's Al Rimal district.

Riyadh Region Municipality, the Ministry of Municipalities and Housing, and the National Center for Privatization & PPP also recently announced the launch of the expression of interest, prequalification and proposal submission stages for a joint land investment project.

The initiative involves developing a municipal land plot in northern Riyadh through a 50-year partnership with the private sector, marking the municipality's first project under the joint investment model.

Real estate specialists described the initiative as an important step toward enabling private investors to develop property assets into sustainable projects with significant economic value.

They said the extended investment period would encourage developers to improve construction quality and services, strengthen project feasibility, diversify real estate offerings and increase supply in one of the capital's most expensive neighborhoods.

Balancing the Real Estate Market

The importance of releasing more residential land lies in achieving greater balance in the property market, a government objective outlined by Crown Prince and Prime Minister Mohammed bin Salman.

The strategy seeks to increase housing supply by making more land available, broadening the options accessible to Saudi citizens and enabling more households to move from searching for a home to building and owning one.

Increasing the availability of residential land, particularly in cities and governorates experiencing rising demand, could ease pressure on land prices over the medium term, provided that plot locations and sizes correspond to actual market needs.

The release of additional land also creates opportunities for real estate developers, contractors, engineering firms and building materials suppliers to benefit from anticipated demand for construction projects.

As a result, businesses across the real estate and construction supply chain could see stronger activity despite the impact of the geopolitical crisis on other economic sectors in the region.

The initiative also expands housing choices, supports efforts to increase homeownership rates and improve quality of life, and encourages urban development beyond major metropolitan centers.

Lowering Prices

Real estate developer Ahmed Omar Basoudan believes the main challenge facing Saudi Arabia's property market in the coming period will not simply be increasing the number of land plots and housing units available.

Rather, he said, the priority must be ensuring that homes reach buyers at prices they can afford, while providing adequate infrastructure and services and keeping development and construction costs under control.

Speaking to Asharq Al-Awsat, Basoudan explained that genuine balance in the real estate market depends on the availability of housing that meets buyers' needs in terms of price, location and quality, rather than simply increasing overall supply.

He said the release of more than 15,000 residential land plots during the first 10 months of the year, together with recently announced private-sector projects, reflected the government's continued commitment to expanding housing supply and providing more residential options.

Basoudan stressed that the latest real estate developments represent an important step toward addressing one of the market's most pressing challenges: achieving a sustainable balance between supply and demand, particularly amid the Kingdom's population growth and continued urban expansion.


Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
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Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)

Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector advanced.

The benchmark Tadawul All Share Index (TASI) rose 0.90% to close at 10,106 points, gaining 90 points. Total trading value reached approximately SAR 3.5 billion ($933 million).

The index had fallen 0.8% on Sunday amid selling pressure on heavyweight stocks.

Anaam International Holding Group, Fitaihi Holding Group and Raoom were among the session's top gainers, rising between 7% and 9% to close at SAR 11.93, SAR 2.11 and SAR 72.30, respectively.

On the losing side, Almunajem Foods led the declines, shedding 9.20% to SAR 49.94, followed by Saudi Paper Manufacturing Co., which fell 6.18% to SAR 48.88, and Alamar Foods, which dropped 4.63% to SAR 44.06.

At the sector level, banks led the gains, advancing 1.60%, supported by a 2.06% rise in Bank AlJazira shares, which closed at SAR 10.89.


Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
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Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory.

"We will try ‌to make ‌as many as ‌possible ⁠before shutting down the ⁠line in about 8 months, but will have to return deposits for a lot of people," the billionaire said in a post on X on Monday.

The comments ⁠come after Musk said ‌Tesla would ‌add an extra production shift to fulfill outstanding ‌Cybertruck orders before dismantling the production ‌line next year to expand output of its Cybercab robotaxi.

The production winddown is slated for mid-2027, Musk announced on ‌Friday, with the resources being redirected to the Cybercab, a vehicle ⁠central ⁠to the automaker's autonomous-driving ambitions.

Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk's expectations. US sales fell 48% to 20,237 units last year, according to Kelley Blue Book, well below Musk's earlier projection that annual Cybertruck sales could reach 250,000 vehicles.