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Welcome to our show, The China Briefing. Today, we delve into some pressing issues affecting the region. First up, we highlight the alarming trend of Southeast Asian gangs resorting to human trafficking to fuel online scams. Thousands are being lured by false job offers, only to find themselves trapped in abusive conditions while being forced to scam others, particularly in cryptocurrency schemes. The U.S. Treasury has taken action by sanctioning those involved, but the problem remains widespread. • Next, we turn our attention to China's property market, which is facing a long and challenging road to recovery despite some restructuring efforts. Developers are attempting to manage debts and offer creditors significant reductions, yet liquidity issues linger. High inventory levels and low buyer confidence continue to plague the market, with analysts predicting further declines in sales and cautioning that any recovery may be fleeting. • Lastly, we feature a new player in Hong Kong's restaurant scene. Unagi Yondaime Kikukawa, a traditional Japanese eel eatery, is opening its doors in Causeway Bay amidst economic challenges. With a commitment to authenticity and quality, CEO Yuhei Kikukawa is determined to establish his brand in a competitive market, despite the hurdles posed by declining consumer sentiment and cheaper alternatives. Please stay tuned for more detailed coverage. • #China #ChinaGovernment #Beijing #XiJinping #Singapore #BBC #Chinese #China's #ArmChina #ChinaEconomy

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