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Stock impact report

Hawkers back on China's streets as economic recovery teeters [Reuters]

Jones Lang LaSalle Incorporated (JLL) 
Last jones lang lasalle incorporated earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jll.com
Company Research Source: Reuters
"Salaries are too low," said the 43-year-old, after serving a customer steamed sweet rice cakes from a wok. "At my age, without much knowledge, I could only earn 5,000 to 6,000 yuan ($868) per month as a cleaning lady. Shanghai rent is so expensive. Even low quality homes are 2,000-3,000 yuan," said Wang, who recently resumed hawking after a six-year break. She can earn about 10,000 yuan in a good month selling pastries for 15 yuan a box. As life in China returns to normal after the pandemic, hawkers are hitting the streets. They look to at least supplement their income amid an uneven economic recovery in which jobs and wage growth has been sluggish. For decades, street stalls and hawkers - common elsewhere in Asia - have been banned or tightly regulated in many Chinese cities, with authorities seeing them as unsightly. There are signs, however, that local governments are giving hawkers more leeway, a trend expected to continue. Zibo in eastern China became a media sensat Show less Read more
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