Rise of stay-at-home dads
Married men outnumber women when it comes to having a supportive attitude toward stay-at-home fathers, showed a recent survey by the China Youth Daily. Of the 1,987 married people surveyed, 52.4% of male respondents are supportive of men being a full-time caregiver of children, whereas the figure among women was slightly lower, standing at 45.8%.
"The fact that dads are willing to be more involved in their children's lives shows that the traditional mentality of 'career husband and domestic wife' is changing," said Zhang Baoyi, a professor on sociology at the Tianjin Academy of Social Sciences, adding that society is accepting diverse values and ways of parenting.
Amazon rainforest on fire
Known as the "Lung of the Earth", the Amazon rainforest is on fire for three weeks, and people are asking Jeff Bezos to do something about it. People around the world are taking to social media to voice their concerns about the world's largest tropical rainforest.
Many of them are specifically asking Bezos for help: After all, he's the founder and CEO of e-commerce giant Amazon. Bezos' 865.5 billion dollar company gets its name from the Amazon river, which winds its way through the South American rainforest. Bezos has not publicly commented on the fires.
More than 74,000 fires have been recorded in the Amazon Rainforest since January 2019 and over 800,000 hectares of forest have now been turned into ashes.
Mortgage rate based on LPR
The People's Bank of China (PBOC) announced Sunday that it will replace the loan benchmark interest rate with the loan prime rate (LPR) as a benchmark for setting the interest rate of newly issued commercial individual housing loans. Starting from Oct 8, the interest rate of newly issued commercial individual housing loans will be based on last month's LPR of the corresponding term, while certain basis points will be added, the PBOC said in a statement.
The housing loan interest rate for first-time buyers should not be lower than the LPR of the corresponding term, while that for second-time buyers should not be lower than the combined level of the LPR and 60 basis points. Housing loan contracts already inked or in implementation will not be affected by the new rules.
Huawei peaks Top 500 firms
China on Thursday unveiled its latest rankings for its 500 largest private enterprises, with tech giant Huawei atop the list. The company's revenue reached 721.2 billion yuan in 2018. Top companies also include HNA Group, Suning, Amer International, Evergrande, JD.com, Country Garden.
To be listed, an enterprise needed to have revenue exceeding 18.59 billion yuan last year. The total revenue of the top 500 companies reached 28.5 trillion yuan in 2018, up by 16.44% year-on-year, while the number of companies with revenue over 300 billion yuan has risen from nine to 12. Twenty of China's private firms were also on the list of the world's top 500 companies, three more than the previous year.
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