Global Spotlight
from China
Work toward the goals and go with the flow
Mitsubishi Corporation (Shanghai) Ltd.
A subsidiary of Mitsubishi Corporation
Ms. Yijun Xu
Senior Investment Manager Urban Development Dept
My work in outline
During the COVID-19 pandemic, there is so much negative news about the Chinese housing market, such as Chinese property giant Evergrande group defaulting on its debts. From my perspective, some of the news is misleading, and though the housing market has tightened considerably, it remains steady amidst the economic repercussions. Especially in some Tier 1, 2 cities (e.g., Shanghai, Beijing), there’s been no significant drop in prices, and the internal rate of return of some projects is higher than expected.
Cooperating with SSL colleagues and local partners, putting our heads together, I’m able to take each step as an opportunity towards our goal during COVID-19. Just be prepared as I can, then go with the flow.
Shanghai mum’s weekend
In all of China, mums in Shanghai are known as "Mother Hens" who fuss over their children’s education. The most representative joke is as following. “Is an English vocabulary of 1,500 words sufficient for a 4-year-old?” “Depends on where you are. In the USA, the answer is yes. In China it is no.”
My daughter will be 6 this October. In her kindergarten, many kids are given a schedule of lessons on weekends. Learning foreign languages, musical instruments, sports,
and arts. Some of them even hire private tutors.
I'm more like a "Buddhist-like mum"(go-with-the-flow kind of person). A staycation around Shanghai hotels is becoming a recent favorite in my family. Even if you've been to the area before, by staying there, you can take a closer look at the historic architecture and buildings at that area, learn more about the history, culture, food, etc. It is definitely the best way to let the whole family have fun. After the hotel check-in, we relax in the room, my daughter enjoys her new hobby—banana art (after the artistic creation, it’s also a nice little snack), my husband plays video games, and I do my lifelong hobby—knitting. Is this called love and peace?