Rising incomes, traditions heat up competition for best spots to host your big day. A banquet hall black market is born
Bride and groom in China (
EYES INSIDE - CHINA
When a nation's economy grows 10 percent a year, everything is booming, new markets emerge, innovation is rampant. That goes for scalpers too.
A couple who decides in a rush to get married around the (Chinese) New Year, or on an "auspicious day", might now wind up paying extra thousands of RMB (or up to 1,000 dollars) over the regular price, in order to have a decent banquet hall for their reception.
The "banquet scalpers' are one of the latest economic side effects of boomtown China: would-be newlyweds who find themselves stuck without an available wedding hall or hotel restaurant can now send out a message on the Internet looking for help or advice, and get back all kinds of offers for bookings -- inevitably with extra fees tacked on.
In recent weeks, Chinese newspapers and bloggers have detailed the exploits of these scalpers, who have booked up all reception reservations in the most popular hotels or restaurants in major cities, as early as one full year in advance. XinHuaNet reports that by "monopolizing the market," profits for certain dates at four-star hotels can climb in the tens of thousands of RMBs.
Beyond the New Year, a traditional time for weddings, scalpers make sure to book reservations on other popular dates, like May 1st and October 1st, during the so-called golden week, and other "auspicious days' of the lunar calendar.
Chinese papers note that the idea of such business was planted in 2008, when many rushed to wed to coincide with China's hosting the Summer Olympics, as well as for the number "8," which phonetically in Chinese is a synonym of prosperity. New Year's remains popular, thanks to the Chinese proverb "Rich or poor, marry a wife for a good New Year."
Qianjiang Evenling News reports how scalpers place ads on Internet forums to attract clients who didn't plan ahead. In the ads, they pretend to have no alternative but to "transfer" their feast reservation with the hotel or restaurant for some unexpected reasons. Apart from asking the deposit they had paid in advance to the hotel or restaurant, they also ask the client to pay a mark-up for this "privilege."
Zhongxin news reports that a man identified as Mr. Huang paid 3,000 RMB (about $445) to someone claiming to need such a transfer, who just a month later offered the same deal to a friend of Huang's. But is such common practices now that some young spouses-to-be who want to get married in a hurry, or on their dream date, simply go straight to the scalpers.
With more and more Chinese starting to go out like Westerners to celebrate the Chinese New Year's Eve, or even Christmas Eve, banquets scalpers are now eyeing these occasions as well. Though this market isn't yet quite so saturated, it is China, where all signs point to new opportunities for growth.
Welcome to Monday, where the UK pays homage to slain MP David Amess, Myanmar frees thousands of prisoners, and Facebook gets ready to build its "metaverse." Please fasten your seatbelts: Worldcrunch also takes stock of the long-lasting effects — good and bad — the pandemic has had on the air travel industry.
[*Azeri - Azerbaijan]
🌎 7 THINGS TO KNOW RIGHT NOW
• Myanmar to free political prisoners: Myanmar's junta chief Min Aung Hlaing has announced the release of 5,636 prisoners who had been jailed for protesting the coup that ousted the civilian government in February 2021.
• Powerful Haiti gang behind the kidnapping of U.S. missionaries: The notorious 400 Mawozo gang is believed to be behind the kidnapping in Haiti of a group of Christian missionaries, including 16 U.S. citizens and one Canadian. The brazen kidnapping on Saturday comes as crime is spiking since the killing of President Jovenel Moise in July.
• UK to pay tribute to David Amess: British lawmakers will pay homage in parliament to colleague David Amess, who was stabbed to death Friday in what was described by the police as a "terrorist incident." Officers arrested a 25-year-old suspect whose father, Harbi Ali Kullane, worked as a media adviser to a former prime minister of Somalia.
• COVID update: Russia has registered more than 34,000 cases of new infections in the past 24 hours, a new record since the start of the pandemic. Meanwhile, police in the northeast Italian city of Trieste used water cannons to clear striking dockworkers protesting Italy's new requirements that all employees be vaccinated.
• At least 26 killed in floods in India: Torrential rain has triggered floods and landslides in India's southern coastal state of Kerala, killing at least 26 people.
• Facebook to hire 10,000 in EU to develop "metaverse": The U.S. social media giant plans to hire 10,000 workers in the European Union over the next five years to build a "metaverse," a virtual reality version of the internet that the company touts as the future.
• Punishing parents for children's bad behavior: After limiting gaming hours for minors, China is now considering legislation to reprimand parents if their children exhibit "very bad behavior" or commit crimes.
🗞️ FRONT PAGE
Colombian daily El Espectador dedicates its front page to Alex Saab, "owner of the secrets" of Venezuelan President Nicolas Maduro. The Colombian businessman, wanted by U.S. authorities for allegedly laundering money on behalf of Venezuela's government, has been extradited from Cape Verde to the U.S. where he is scheduled to appear in court today.
#️⃣ BY THE NUMBERS
China's economy registered its slowest pace in a year as the country faces a looming energy crisis with power shortages and increasing pressure on its property sector. Gross Domestic Product (GDP) for the period between July-September rose 4.9%, the weakest numbers since the third quarter of 2020 and significantly lower than forecasts. The world's second-largest economy faces a debt crisis linked to the China Evergrande Group debt crisis, while energy shortfalls have dropped factory output to its weakest since early 2020, when heavy COVID-19 curbs were in place.
📰 STORY OF THE DAY
7 ways the pandemic may change the airline industry for good
Will flying be greener? More comfortable? Less frequent? As the world eyes a post-COVID reality, we look at ways the airline industry has been changing through a pandemic that has devastated air travel.
⛽ Cleaner aviation fuel: With air travel responsible for roughly 12% of all CO2 emissions from transport, and stricter international regulation on the horizon, the industry is increasingly seeking sustainable alternatives to petroleum-based fuel. In Germany, state broadcaster Deutsche Welle reports that the world's first factory producing CO2-neutral kerosene recently started operations in the town of Wertle, in Lower Saxony. The plant, for which Lufthansa is set to become the pilot customer, will produce CO2-neutral kerosene through a circular production cycle incorporating sustainable and green energy sources and raw materials
.🛃 Smoother check-in: The pandemic has also accelerated the shift towards contactless traveling, with more airports harnessing the power of biometrics — such as facial recognition or fever screening — to reduce touchpoints and human contact. Similar technology can also be used to more efficiently scan physical objects, such as explosive detection. Ultimately, passengers will be able to "check-in" and go through a security screening anywhere at the airports, removing queues and bottlenecks.
✈️ The billion-dollar question: Will we fly less? At the end of the day, even with all these (mostly positive) changes that we've seen take shape over the past 18 months, the industry faces major uncertainty about whether air travel will ever return to the pre-COVID levels. Not only are people wary about being in crowded and closed airplanes, but the worth of long-distance business travel, in particular, is being questioned as many have seen that meetings can function remotely, via Zoom and other online apps.
➡️ Read more on Worldcrunch.com
"The crimes committed that night are unforgivable for the Republic."
— Emmanuel Macron became the first French president to commemorate the killing of as many as 200 Algerian independence protesters by Parisian police in 1961. For 40 years, French officials ignored the massacre, which took place a year before Algeria gained its independence from France after an eight-year war. In 2012, French President François Hollande acknowledged the killings for the first time on a visit to Algeria, and Macron took it further by attending Sunday's commemoration at the site where the events happened in the French capital. Still, many had hoped the French President would go further and take responsibility for a "state massacre," for a crime many historians consider the most violent repression of a peaceful demonstration in post-War Europe.
📈💥 IN OTHER NEWS
Low trust, high risk: The global rise of violence targeting politicians
The deadly stabbing of British Parliament Member David Amess confirms an ongoing study on trust and governance in democracies around the world: It's bad. In The Conversation, James Weinberg — the study's author and a lecturer in Political Behavior at the University of Sheffield — writes:
⏪ The assassination of Amess, who was stabbed to death in his constituency on Friday, is a tragic moment for democracy. What makes it even more devastating is that such a catastrophic failure is not without precedent or predictability. Labour MP Jo Cox was shot at her constituency surgery in 2016. Before her, another Labour MP, Stephen Timms, survived a stabbing in 2010. And Andrew Pennington, a Gloucestershire county councilor, died in a frenzied attack in 2001 while trying to protect local Liberal Democrat MP Nigel Jones.
☝️ Beyond these critical junctures in the public debate about politicians' safety, elected representatives must live with an increasingly insidious level of popular cynicism that threatens violence on an almost daily basis.
🇬🇧🇳🇿🇿🇦 Not only are these experiences of abuse or threats of physical violence felt across both sides of the political aisle in the UK — they also appear to be growing more common in other democratic contexts where the climate of politics has been presumed to be both calmer and more volatile, from New Zealand to South Africa.
Read the full piece from The Conversation, now on Worldcrunch.com
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