Other Briefings
Majority of China’s Richest Live Outside Big Cities
Apr. 17 – Majority of China’s wealthiest people live outside the huge cities of Beijing, Shanghai and Guangdong, according to a study. The Hurun 2009 Wealth Report announced that 825,000 people in China have a reported personal wealth of more than RMB10 million (US$1.47 million) while 51,000 people are worth more than RMB100 million. Fifty-two […]
Hong Kong, Shenzhen and Shanghai Listed as the Most Competitive Cities in China
Apr. 15 – The seventh edition of the Blue Book on Urban Competitiveness conducted by the Chinese Academy of Social Sciences (CASS) listed Hong Kong, Shenzhen and Shanghai as the three top competitive cities in the country. The newest entrant to the top 10 is the coastal city of Qingdao; which hosted the sailing events […]
Rules for Chinese Overseas Investment Relaxed, Guidelines Issued
Apr. 13 – The Ministry of Commerce released its first guidelines for overseas investment by Chinese companies on Friday. The document, encompassing some twenty countries approved by the central government to receive Chinese investment, are part of the ministry’s strategy to assist Chinese companies abroad and come on the heels of last month’s relaxing of […]
Beijing’s Car Restrictions to Continue for Another Year
Apr. 7 – Beijing’s revised restrictions on cars will continue for another year beginning April 13 and will only be enforced on weekdays not including holidays and weekends. Spokesman for the municipal committee of communications, Wang Zhaorong, said in a press conference that some of the rules were changed to make it easier for residents […]
Beijing Rejects Local Gov’t Plans to Extend May Holidays
Mar. 27 – Beijing has rejected plans to change the May holidays after the local governments of Guangdong, Liaoning, Xinjiang Uygur Autonomous Region and Hangzhou City, Zhejiang announced an extended week in an effort to boost domestic consumption and tourism. The central government has instructed the local governments to follow the set three day holiday. […]
Tianjin Port Overtakes Guangzhou in Cargo Throughput
Mar. 19 – Tianjin Port has emerged as a major global port as it overtook Guangzhou Port to become China’s third largest and the world’s fifth largest port. It is the biggest artificial deep water port in the country and last year handled 356 million metric tons of cargo, surpassing average coastal harbor growth rates. […]
China Begins Parliament Session Today
Mar. 5 – The National People’s Congress (NPC) began its annual full session today at the Great Hall of the People in Beijing. Chinese Premier Wen Jiabao said during his speech before 3,000 delegates that the nation needs to “reverse the economic slide as soon as possible.” Mr. Wen said that the government will now […]
Fire Destroys 5-Star Hotel Near CCTV Tower in Beijing
BEIJING, Feb. 9 – The newly built, and still unoccupied, Mandarin Oriental Hotel on the grounds of Central China Television’s new headquarters has caught fire and appears to have been destroyed. The cause of the blaze at the 40-story luxury hotel is unknown and at this time, there are no reports of injuries. Fire has […]
