Other Briefings
China Experimenting with Singaporean-style HDB Housing Schemes
Aug. 28 – China has been experimenting in looking to solve its low cost housing market, aimed at getting low-income families on the steps of the property ladder, by piloting an Housing Development Board-style scheme in Changsha. In the successful Singaporean HDB scheme, Singapore nationals (and other nationalities working/based in Singapore) contribute a percentage […]
Investment Spotlight: Xiaoshan Economic and Technological Development Zone
Aug. 27 – Since May 1993, the state-level Xiaoshan Economic and Technological Development Zone (XETDZ), has covered an area of 133 square kilometers divided into three industrial parks: Shibei, Qiaonan and Jiangdong. The zone is located alongside the Qiantang river within the Xiaoshan district of Hangzhou. In conjunction with the XETDZ, an ongoing construction of […]
Investing in Hangzhou: The Linjiang Industrial Zone
Aug. 26 – Located to the northeast of the Xiaoshan district of Hangzhou and sitting along the south bank of the Qiantang River, the Linjiang Industrial Zone (LjIZ) was built in 2003 as a provincial-level zone with an area of 74.31 square kilometers. According to its development plan, the LjIZ was established to meet the […]
China’s Retail Sales Increase 23% in July
Aug. 13 – China’s retail sales increased by 23.3 percent to RMB862.9 billion in July, the fastest climb in nine years. Retail sales were buoyed by families buying television sets for the Beijing Olympics thus boosting household electronics sales by 18.8 percent. The largest maker of consumer electronics, TCL Corp., reported that sales of liquid-crystal […]
Officials Assure Slowdown in East China Not Severe
Aug. 12 – Officials from the Zhejiang provincial development and reform commission assured that while companies in the region were suffering from financial difficulties, it was not as grave as previously reported in the media. “Private firms in our province did suffer a reduction in profit, tight liquidity and a low level of creativity,” Liu […]
Lenovo Uses Olympic Spotlight To Boost Global Image
by Chua Siew Joo SHANGHAI, Aug. 11 – It seems the news of Lenovo Group’s impressive profits arrived at an opportune moment, coinciding with the start of the Beijing Olympic Games 2008. With its current focus on direct retail sales and emerging markets, Lenovo group is not affected by the slowdown in the United States. […]
Rural China Retail Sales Increase to Reach RMB1.62 Trillion
Aug. 4 – Retail sales in rural China reached RMB1.62 trillion in the first six months of 2008, up 20 percent from the same period last year, the Ministry of Commerce revealed on Thursday. The growth rate was 5.7 percentage points higher than that of the first half last year, said the MOC in a […]
Beijing-Tianjin High Speed Train Service Launched
BEIJING, Aug. 1 – The RMB14.3 billion Beijing-Tianjin high speed rail service officially began this morning with the first train setting off from Beijing’s South Railway Station. Operational just in time for the Olympics, the service reaches 350 kilometers per hour, making it the worlds fastest. Similar trains in Japan and Spain run at […]
