Beijing News You Might Have Missed This Week, Dec 30

Beijing is a happening city!  Don't miss a thing with our weekend roundup of the latest news.

Beijing Metro Temporarily Closes Yonghegong Subway Station Exit F for New Year's Day Holiday Maintenance: Beijing Metro has announced that Exit F of Yonghegong subway station will be temporarily closed during the upcoming New Year's Day holiday, reports Beijing Youth Daily. The closure will be in effect from 7pm on Sat, Dec 30, 2023, until 4pm on Mon, Jan1, 2024. This closure aims to facilitate maintenance work and ensure the safety of passengers. Beijing Metro urges commuters to plan their journeys accordingly and apologizes for any inconvenience caused. Passengers with inquiries or concerns can contact the helpline at 96165 for further assistance.

Beijing's Rental Market Thrives as Young Urban Landlords Embrace Long-Term Rental Agencies: According to the recently released 2023 China's Urban Long-Term Rental Market Development Blue Book by China Construction News, the rental market in China has witnessed remarkable growth, reports Xinhua News. The market size has surpassed a staggering 2.8 trillion yuan. The report highlights the changing dynamics of urban housing ownership, with over 40 percent of rental property owners in cities like Beijing belonging to the post-80s generation. Furthermore, 70 percent of owners are willing to collaborate with long-term rental agencies. With young urban landlords seeking efficiency and reliability, there is a growing consensus towards standardization and institutionalization in the rental market. These landlords prefer long-term rental agencies due to stable rental income, trustworthy platforms, and additional services like house cleaning.

Beijing-Xiong'an Expressway Transforms Connectivity in Xiong'an New Area: The highly anticipated Beijing-Xiong'an expressway has officially opened to traffic, marking a significant milestone in the development of the Xiong'an New Area, reports China Daily. This modern expressway connects the bustling capital city of Beijing with the newly established Xiong'an region, drastically reducing travel time to less than an hour. Spanning a total length of approximately 102 kilometers, the expressway consists of a 75-kilometer section in Hebei province and a 27-kilometer section within Beijing. As a crucial component of the Beijing-Tianjin-Hebei coordinated development strategy, this transportation project serves as a vital link between the two regions, complementing existing expressways and enhancing connectivity in the area.

READ:Beijing News You Might Have Missed This Week, Dec 23 

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