It has been a rollercoaster ride recently for China＇s real estate market, with ,slowdown and stagnation followed by rebound and recovery in the first six months of this year alone. It seems no small part of this upsw...It has been a rollercoaster ride recently for China＇s real estate market, with ,slowdown and stagnation followed by rebound and recovery in the first six months of this year alone. It seems no small part of this upswing has been due to state-owned property developers, who are joining the bidding for land in urban areas in increasing numbers.展开更多
Baoding, Hebei Province＇s largest city, is neither the capital nor an important conomic center. In fact, the city has been something of a backwater for years, living in the shadow of nearby Beijing and Tianjin. But...Baoding, Hebei Province＇s largest city, is neither the capital nor an important conomic center. In fact, the city has been something of a backwater for years, living in the shadow of nearby Beijing and Tianjin. But this is changing.展开更多
A gainst the background of the slug- gish global economy, the Ministry of Commerce （MOFCOM） reported that foreign direct investment （FDI） in China edged down 0.74% year on year in April, marking the sixth straight...A gainst the background of the slug- gish global economy, the Ministry of Commerce （MOFCOM） reported that foreign direct investment （FDI） in China edged down 0.74% year on year in April, marking the sixth straight monthly reduction - the longest period of continuous FDI decline since the start of the financial crisis. Experts believe that various factors are combining to cause the continual FDI drop, although they remain confident about the overall future for FDI in China.展开更多
Ms Yu, a retired teacher, usually buys blended edible oil rather than other edible oil products at the supermarket. ＂It＇s usually cheaper, which is a big advantage,＂ she says. She is not the only customer who is at...Ms Yu, a retired teacher, usually buys blended edible oil rather than other edible oil products at the supermarket. ＂It＇s usually cheaper, which is a big advantage,＂ she says. She is not the only customer who is attracted by the relatively low cost of blended edible oil products. Statistics show that blended oil accounts for over half the total output of small-packaged edible oils in China, and that blended oil consumption accounts for over 30% of the total.展开更多
Haier, China＇s home appliance giant, signed a memorandum of under- standing with Sanyo to acquire the Japanese company＇s machine and other refrigerator, washing electrical appliance businesses in Japan and some Sou...Haier, China＇s home appliance giant, signed a memorandum of under- standing with Sanyo to acquire the Japanese company＇s machine and other refrigerator, washing electrical appliance businesses in Japan and some Southeast Asian countries including Indonesia, Malaysia, the Philippines and Vietnam at the end of July. The formal agreement will be inked by the two companies at the end of September and the deal is estimated to be finished by March 2012.展开更多
In the eight years he has been on the job, Shang Fulin, the fifth chairman of the China Securities Regulatory Commission （中国证监会/CSRC）, has made several bold reforms that have dramatically opened up trading on C...In the eight years he has been on the job, Shang Fulin, the fifth chairman of the China Securities Regulatory Commission （中国证监会/CSRC）, has made several bold reforms that have dramatically opened up trading on China＇s stock markets and ushered in several years of exceptional growth. Recently he has introduced further changes, including margin trading, short selling, index futures, and new ways to invest abroad.展开更多
Sales of luxury goods in China reached USD 9.6 billion ilast year - and 27.5% of worldwide luxury products sales last year were in China. One company that is intimately familiar with the lifestyles of China＇s rich is...Sales of luxury goods in China reached USD 9.6 billion ilast year - and 27.5% of worldwide luxury products sales last year were in China. One company that is intimately familiar with the lifestyles of China＇s rich is Jebsen. Founded by the Jebsen and Jessen families of Denmark, the company set up its first trade agency in Hong Kong in 1895.展开更多
After its poor 9.008 performance, Lou Jiwei （楼继伟）, Chairman and CEO of ,China Investment Cord （CIC/中国投资责任有限公司）, was surely relieved by the sovereign wealth fund＇s 2009 results. According to its recen...After its poor 9.008 performance, Lou Jiwei （楼继伟）, Chairman and CEO of ,China Investment Cord （CIC/中国投资责任有限公司）, was surely relieved by the sovereign wealth fund＇s 2009 results. According to its recently released annual report, the return on CIC＇s global investment portfolio last year was 11.7%, an obvious improvement over its 2.1% return in 2008. When combined with the results of Central Huijin （中央汇金公司）, the CIC subsidiary that invests only in domestic banks and financial institutions,展开更多
Love may be priceless, but the cost of a wedding in China has an increasingly higher price tag. Take, for example, Xu Heng, 27, a fairly typical urban Chinese bride. She and her husband spent RMB ioo,ooo （USD 14,716...Love may be priceless, but the cost of a wedding in China has an increasingly higher price tag. Take, for example, Xu Heng, 27, a fairly typical urban Chinese bride. She and her husband spent RMB ioo,ooo （USD 14,716） on their wedding in Hangzhou at the end of last year. The largest expense, totalling RMB 90,000, was three celebration parties： one in her hometown, one in his hometown, and one in Hangzhou city where the couple works. Then there was the wedding planning service,展开更多
There was a time not so long ago when getting almost any- where in China would take you a full night -- or even two -- on a crowded train. Even cities one province over could not be reached in less than eight or ten h...There was a time not so long ago when getting almost any- where in China would take you a full night -- or even two -- on a crowded train. Even cities one province over could not be reached in less than eight or ten hours. But December 26 of last year marked the beginning of the end for sleepers and carriages, when a new high-speed railway connecting 1,068 km of land between Wuhan and Guangzhou officially began operation. This line -- which will shorten the trip from 11 hours to less than three -- is the first of a series of high speed lines that will be built over the next few years, modernizing Chinese infrastructure and offing the wheels of business.展开更多
With demographers projecting that there will be 438 million people in China over the age of 60 by 2050, Dai Xianglong （戴相龙）, president of the National Council of Social Security Fund （NSSF）, has the challenge o...With demographers projecting that there will be 438 million people in China over the age of 60 by 2050, Dai Xianglong （戴相龙）, president of the National Council of Social Security Fund （NSSF）, has the challenge of finding safe yet profitable investments to grow the social security fund＇s assets and guarantee the pensions of China＇s current and future senior citizens.展开更多
Despite some recent domestic success, Chinese films have found it difficult to find box office success overseas. Hero and Crouching Tiger, Hidden Dragon both proved popular with international audiences but these were ...Despite some recent domestic success, Chinese films have found it difficult to find box office success overseas. Hero and Crouching Tiger, Hidden Dragon both proved popular with international audiences but these were released nearly ten years ago.展开更多
Millions of aging rural Chinese -- especially those over 60 years old -- may no longer need to worry about their income after retirement. The Chinese government has just begun a pilot pension program that, when in ful...Millions of aging rural Chinese -- especially those over 60 years old -- may no longer need to worry about their income after retirement. The Chinese government has just begun a pilot pension program that, when in full operation, should serve the entire rural population. The government is scheduled to spend RMB 3 billion （USD 440 million） on the first phase, which will be started in 10% of counties by the end of this year and expanded nationwide by 2020.展开更多
Few words have as unpleasant a connotation as ＂sludge,＂ but if Tang Jun, the former president of Microsoft China, is to be believed, ＂sludge＂ -- the waste product from sewage treatment -- could soon become an inve...Few words have as unpleasant a connotation as ＂sludge,＂ but if Tang Jun, the former president of Microsoft China, is to be believed, ＂sludge＂ -- the waste product from sewage treatment -- could soon become an investor darling. The Chinese government has spent the last few years building hundreds of sewage factories all over the country in an attempt to resolve China＇s wastewater problems. However, sludge has been wholly neglected, leaving room for private capital to fill in the gap. Tang, who recently founded sludge processor Great Research and Industrialization （格瑞特泥科学与应用技术研究院）, is just one of many such investors looking away from the more glamorous fields towards the muck and mire of sewage treatment.展开更多
While we＇ve all heard the horror stories about internet crime -- where a program surreptitiously installed on your computer can give a stranger access to your entire identity -- few people realize that, with the rise...While we＇ve all heard the horror stories about internet crime -- where a program surreptitiously installed on your computer can give a stranger access to your entire identity -- few people realize that, with the rise of smart- phones and voice-over-IP technology, this type of crime is migrating to your mobile. And with the arrival of 3G, more and more people will be using their mobile phones for many of the same functions as their PC. Surfing the internet, downloading music and paying bills online are all vulnerable to ID theft and mobile phone viruses - which are proliferating faster and faster as the technology on mobile handsets advances.展开更多
Former Google China President Kai Fu Lee cemented his career transition from manager to entrepreneur in September with his own earlystage investment fund and start-up incubator, Innovation Works.
On April 9, China＇s State Council announced a pilot program, allowing importers and exporters in five major cities, Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan,to settle their cross-border trade in RMB. This m...On April 9, China＇s State Council announced a pilot program, allowing importers and exporters in five major cities, Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan,to settle their cross-border trade in RMB. This move -- besides giving Chinese companies more control over currency risk during the current financial crisis -- is the first expansion of the Chinese currency＇s use in international trade in over ten years.展开更多
I have been dreaming of building an influential worldwide brand for almost ten years, one that＇s based in Chinese culture,＂ says Cai Ming, the founder and CEO of Boloni Flagship Interior Decoration （博洛尼家居用品...I have been dreaming of building an influential worldwide brand for almost ten years, one that＇s based in Chinese culture,＂ says Cai Ming, the founder and CEO of Boloni Flagship Interior Decoration （博洛尼家居用品有限公司）, during an interview in the dimly lit teahouse that serves as part of 9dynasty＇s unique showroom. It＇s the most recent brand created by Cai, an entrepreneur who is famous for revolutionizing China＇s furniture industry.展开更多
＂Boosting imports is not a temporary measure for China, but a long-term strategy. There is great potentialfor further growth aheacl,＂ said Zhong Shah, Vice Minister of Commerce, at the China Import Forum held in Sha...＂Boosting imports is not a temporary measure for China, but a long-term strategy. There is great potentialfor further growth aheacl,＂ said Zhong Shah, Vice Minister of Commerce, at the China Import Forum held in Shanghai on November 16. China is now the second largest importer in the world, having bought goods worth US$1.74 trillion last year. It＇s predicted that the country will rise to first place, with a total import scale of over US$8 trillion, during the 12th Five-Year Plan period （2011-2015）.展开更多
文摘It has been a rollercoaster ride recently for China＇s real estate market, with ,slowdown and stagnation followed by rebound and recovery in the first six months of this year alone. It seems no small part of this upswing has been due to state-owned property developers, who are joining the bidding for land in urban areas in increasing numbers.
文摘Baoding, Hebei Province＇s largest city, is neither the capital nor an important conomic center. In fact, the city has been something of a backwater for years, living in the shadow of nearby Beijing and Tianjin. But this is changing.
文摘A gainst the background of the slug- gish global economy, the Ministry of Commerce （MOFCOM） reported that foreign direct investment （FDI） in China edged down 0.74% year on year in April, marking the sixth straight monthly reduction - the longest period of continuous FDI decline since the start of the financial crisis. Experts believe that various factors are combining to cause the continual FDI drop, although they remain confident about the overall future for FDI in China.
文摘Ms Yu, a retired teacher, usually buys blended edible oil rather than other edible oil products at the supermarket. ＂It＇s usually cheaper, which is a big advantage,＂ she says. She is not the only customer who is attracted by the relatively low cost of blended edible oil products. Statistics show that blended oil accounts for over half the total output of small-packaged edible oils in China, and that blended oil consumption accounts for over 30% of the total.
文摘Haier, China＇s home appliance giant, signed a memorandum of under- standing with Sanyo to acquire the Japanese company＇s machine and other refrigerator, washing electrical appliance businesses in Japan and some Southeast Asian countries including Indonesia, Malaysia, the Philippines and Vietnam at the end of July. The formal agreement will be inked by the two companies at the end of September and the deal is estimated to be finished by March 2012.
文摘In the eight years he has been on the job, Shang Fulin, the fifth chairman of the China Securities Regulatory Commission （中国证监会/CSRC）, has made several bold reforms that have dramatically opened up trading on China＇s stock markets and ushered in several years of exceptional growth. Recently he has introduced further changes, including margin trading, short selling, index futures, and new ways to invest abroad.
文摘Sales of luxury goods in China reached USD 9.6 billion ilast year - and 27.5% of worldwide luxury products sales last year were in China. One company that is intimately familiar with the lifestyles of China＇s rich is Jebsen. Founded by the Jebsen and Jessen families of Denmark, the company set up its first trade agency in Hong Kong in 1895.
文摘After its poor 9.008 performance, Lou Jiwei （楼继伟）, Chairman and CEO of ,China Investment Cord （CIC/中国投资责任有限公司）, was surely relieved by the sovereign wealth fund＇s 2009 results. According to its recently released annual report, the return on CIC＇s global investment portfolio last year was 11.7%, an obvious improvement over its 2.1% return in 2008. When combined with the results of Central Huijin （中央汇金公司）, the CIC subsidiary that invests only in domestic banks and financial institutions,
文摘Love may be priceless, but the cost of a wedding in China has an increasingly higher price tag. Take, for example, Xu Heng, 27, a fairly typical urban Chinese bride. She and her husband spent RMB ioo,ooo （USD 14,716） on their wedding in Hangzhou at the end of last year. The largest expense, totalling RMB 90,000, was three celebration parties： one in her hometown, one in his hometown, and one in Hangzhou city where the couple works. Then there was the wedding planning service,
文摘There was a time not so long ago when getting almost any- where in China would take you a full night -- or even two -- on a crowded train. Even cities one province over could not be reached in less than eight or ten hours. But December 26 of last year marked the beginning of the end for sleepers and carriages, when a new high-speed railway connecting 1,068 km of land between Wuhan and Guangzhou officially began operation. This line -- which will shorten the trip from 11 hours to less than three -- is the first of a series of high speed lines that will be built over the next few years, modernizing Chinese infrastructure and offing the wheels of business.
文摘With demographers projecting that there will be 438 million people in China over the age of 60 by 2050, Dai Xianglong （戴相龙）, president of the National Council of Social Security Fund （NSSF）, has the challenge of finding safe yet profitable investments to grow the social security fund＇s assets and guarantee the pensions of China＇s current and future senior citizens.
文摘Despite some recent domestic success, Chinese films have found it difficult to find box office success overseas. Hero and Crouching Tiger, Hidden Dragon both proved popular with international audiences but these were released nearly ten years ago.
文摘Millions of aging rural Chinese -- especially those over 60 years old -- may no longer need to worry about their income after retirement. The Chinese government has just begun a pilot pension program that, when in full operation, should serve the entire rural population. The government is scheduled to spend RMB 3 billion （USD 440 million） on the first phase, which will be started in 10% of counties by the end of this year and expanded nationwide by 2020.
文摘Few words have as unpleasant a connotation as ＂sludge,＂ but if Tang Jun, the former president of Microsoft China, is to be believed, ＂sludge＂ -- the waste product from sewage treatment -- could soon become an investor darling. The Chinese government has spent the last few years building hundreds of sewage factories all over the country in an attempt to resolve China＇s wastewater problems. However, sludge has been wholly neglected, leaving room for private capital to fill in the gap. Tang, who recently founded sludge processor Great Research and Industrialization （格瑞特泥科学与应用技术研究院）, is just one of many such investors looking away from the more glamorous fields towards the muck and mire of sewage treatment.
文摘While we＇ve all heard the horror stories about internet crime -- where a program surreptitiously installed on your computer can give a stranger access to your entire identity -- few people realize that, with the rise of smart- phones and voice-over-IP technology, this type of crime is migrating to your mobile. And with the arrival of 3G, more and more people will be using their mobile phones for many of the same functions as their PC. Surfing the internet, downloading music and paying bills online are all vulnerable to ID theft and mobile phone viruses - which are proliferating faster and faster as the technology on mobile handsets advances.
文摘Former Google China President Kai Fu Lee cemented his career transition from manager to entrepreneur in September with his own earlystage investment fund and start-up incubator, Innovation Works.
文摘On April 9, China＇s State Council announced a pilot program, allowing importers and exporters in five major cities, Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan,to settle their cross-border trade in RMB. This move -- besides giving Chinese companies more control over currency risk during the current financial crisis -- is the first expansion of the Chinese currency＇s use in international trade in over ten years.
文摘I have been dreaming of building an influential worldwide brand for almost ten years, one that＇s based in Chinese culture,＂ says Cai Ming, the founder and CEO of Boloni Flagship Interior Decoration （博洛尼家居用品有限公司）, during an interview in the dimly lit teahouse that serves as part of 9dynasty＇s unique showroom. It＇s the most recent brand created by Cai, an entrepreneur who is famous for revolutionizing China＇s furniture industry.
文摘＂Boosting imports is not a temporary measure for China, but a long-term strategy. There is great potentialfor further growth aheacl,＂ said Zhong Shah, Vice Minister of Commerce, at the China Import Forum held in Shanghai on November 16. China is now the second largest importer in the world, having bought goods worth US$1.74 trillion last year. It＇s predicted that the country will rise to first place, with a total import scale of over US$8 trillion, during the 12th Five-Year Plan period （2011-2015）.
