Soaring living costs and high housing prices are negatively affecting how Shanghai residents feel about their quality of life, according to a nationwide economic survey released recently […]
Observers predict that China will soon be biggest in the world for high-end designer consumer goods. Chinese people will buy more than half their acquisition of luxury goods on the mainland in 2014 rather than overseas, as is the case now, business research and consulting firm Frost & Sullivan said in its latest survey […]
Shanghai plans to establish a government fund to support the development of cloud computing, officials said during a forum recently […]
Which city do you think is the happiest in China? […]
Recently the Hurun Research Institute published the 2009 Chinese Nouveau Riche Consumption Standard Report on the new rich in six cities: Beijing, Shanghai, Hangzhou, Shenzhen, Chengdu, and Shenyang; and the winner is: […]
Membership for what is being touted as the country’s first private helicopter club will open soon. The club is affiliated to a private heliport opened in Nanjing, capital of Jiangsu province, under the Ruohang Transportation Development Co. “Our membership plan will be formally made known to the public this weekend and its initial terms for receiving application will be mainly targeted at those interested in flying or wanting to buy helicopters,” Lu Yong, the executive director of Ruohang, told China Daily recently.
Taobao, the online auction unit of China’s e-commerce giant Alibaba Group, announced the parent company would invest in it 5 billion yuan (732 million U.S. dollars) over the next five years. Taobao president Lu Zhaoxi said the investment showed its confidence in the long-term Internet development and economic growth in China […]
Online Chinese shoppers spent 16.2 billion yuan (2.3 billion U.S. dollars) in 19 major cities in the first half of 2008, China Internet Network Information Center (CNNIC) said on recently. The findings were based on a survey carried out in four municipalities directly under the central government — Beijing, Shanghai, Tianjin and Chongqing — and 15 developed cities such as Changchun, Dalian, Nanjing, Hangzhou, Jinan and Guangzhou, among others […]