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On May 6th, it was learned from the Guangzhou Municipal Housing and Urban-Rural Development Bureau that the Guangzhou real estate market saw a significant rebound in activity during the May Day holiday, with both the primary and secondary housing markets showing positive performance, indicating a clear recovery trend. Data shows that from May 1st to 5th, the Guangzhou primary housing market experienced a significant increase in activity, with an average daily visitor count of 8,692 groups, a year-on-year increase of 30.8%, and an average daily purchase volume of 634 units, a year-on-year increase of 50.1%. The secondary housing market maintained steady growth. The average daily number of viewings and purchases during the holiday increased by 15.6% and 5.2% respectively compared to April, with purchases increasing by 63.4% year-on-year, while the number of newly listed secondary homes declined. An official from the Guangzhou Municipal Housing and Urban-Rural Development Bureau stated that on April 30th, Guangzhou released implementation opinions on further promoting the stable and healthy development of the real estate market, proposing multiple measures from aspects such as optimizing the use of housing provident funds and streamlining the replacement chain. The policy benefits have been quickly transmitted, and the market response has been significant.On May 6th, the Ministry of Industry and Information Technology (MIIT) publicly solicited opinions on the "Implementation Plan for Leading the Quality Revolution of Light Industrial Products through Standards Improvement (Draft for Comment)." The draft states that by 2027, the standardization mechanism for light industry will be more complete, with approximately 200 product and method standards to be formulated or revised. Evaluation and review of the implementation of approximately 100 standards will be conducted to improve the adaptability of standards to new products, technologies, and models. Approximately 30 light industry standards will be translated into foreign languages, and the proportion of international standards led by China will increase to approximately 8%, significantly enhancing the international influence of standards. By 2030, a globally leading light industry standard system will be basically established, with more effective standard supply, comprehensively leading the "China Light Industry" brand to a more stable and faster global expansion.French manufacturing output rose 1.6% year-on-year in March, up from 0.80% in the previous month.French manufacturing output rose 1.2% month-on-month in March, compared with 0.00% in the previous month.French industrial production rose 0.9% year-on-year in March, compared with a previous reading of -0.30%.

Pinterest Cuts Roughly 150 Staff

Aria Thomas

Feb 02, 2023 11:41

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Bloomberg News reported on Wednesday that Pinterest (NYSE:PINS) Inc is cutting off approximately 150 people, or less than 5% of its overall employment. Pinterest joins a flurry of technology companies that are laying off workers to save costs.


The digital search company that allows users to build online pinboards notified affected employees on Wednesday, according to a report quoting a source with knowledge of the company.


Not all teams inside the San Francisco-based corporation were hit to the same extent by the layoffs.


A corporate representative confirmed layoffs to Reuters, stating, "We're implementing organizational changes to better position us to deliver on our company priorities and long-term strategy." However, the official declined to confirm the amount of layoffs.


The spokesman stated that Pinterest will provide all affected workers with severance packages, benefits, and other services during the transition.