Other Briefings
Five Nuclear Stations to be Built This Year
Apr. 21 – According to China’s National Energy Administration (NEA) there are plans to build five nuclear power stations in Zhejiang, Shandong, Guangdong and Hainan by the end of the year. The Sanmen Nuclear Power Plant in Zhejiang already began construction last Sunday. It is the first third-generation pressurized water reactor in China to use […]
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 […]
Whirlpool to Close Shanghai Plant and Move to Zhejiang
SHANGHAI, Apr. 10 – U.S. appliance maker, Whirlpool, is closing its washing machine plant in Shanghai and transferring to the Hisense-Whirlpool Facility in Changxing Economic Development Zone in Zhejiang Province. The move will cut 600 jobs in Shanghai but will create 900 jobs in the Zhejiang production base by the end of the year. Whirlpool […]
Shanghai to Extend Financial Street Along the Bund
SHANGHAI, Apr. 10 – As part of the city’s ambitions to be an international financial and shipping center by 2020, the financial street along the Bund will be extended southward to Nanpu Bridge forming a 2.6 square kilometer zone. It will span from the south bank of Suzhou Creek in the north to Lujiabang in […]
Zhangjiang High-Tech Park Continues to be Top Draw for FDI
SHANGHAI, Apr. 1 – Zhangjiang High-tech Park located in Pudong New Area still continues to be a top destination for FDI with a recent signing of contracts with local and international companies worth an estimated RMB4 billion. Government officials told Shanghai Daily that the investment is expected to generate more than RMB20 billion in output […]
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. […]
High-Speed Trains Cut Travel Time to Central China and YRD
Mar. 25 – Two new high-speed railways will slash travel time to Central China and the Yangtze River Delta when they begin operations on April 1. The two new railways are the Hefei-Wuhan passenger railway and the Shijiazhuang-Taiyuan railway that connects the north and the west. A journey from Wuhan to Shanghai will be cut […]
