China’s private aviation market is on the verge of experiencing a sonic boom. Since 2008, the number of jets registered on the mainland has tripled to 137, and experts expect that digit to soar past 1,000 by the end of the decade […]
Shanghai has the largest population of foreign nationals among all domestic cities and provinces in China, with about 143,200 expat residents living in the city, the Shanghai Statistics Bureau announced recently. Nearly one in every four foreign residents in the country lives in Shanghai, according to the sixth national census conducted in November 2010. […]
Luxury car makers reported strong sales growth on China’s mainland for the first half of 2011, despite the Chinese government’s phasing out of incentives […]
China’s installed power generation capacity has exceeded 900 million kilowatts after a reactor under the second phase of Ling’ao Nuclear Power Plant began operations in Guangdong Province recently […]
Amid a widening wealth gap between rich and poor, a new survey has found that 96 percent of the public said they feel resentful toward the rich […]
The more than 4 million Chinese families with million dollar assets in 2008 will reach 7.8 million in 2013, according to a new report by Boston Consulting Group (BCG) published recently […]
Some Chinese who were educated abroad are coming home to try to better the country’s villages and cities […]
Shanghai is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office said recently. Using the yuan as a settlement currency for international trade is a step forward to internationalizing the currency and will also boost Shanghai as an international financial hub. The city is a magnet for overseas financial players, home to the China headquarters of giants such as HSBC and Citigroup. The city also holds the mainland’s bigger stock market, biggest futures market, gold, currency and interbank markets…
