Coca-Cola is flying in hip-hop stars, Barclays is bringing English football’s Premier League trophy and General Motors will offer a glimpse of the future as foreign firms woo China’s massive market at the Shanghai Expo.
Archive for April 2010
A mainland tycoon announced on Thursday he was donating his fortune to charity in a gesture that has cemented the real estate magnate and hotelier’s position as China’s top philanthropist.
Bank of China has tightened lending to buyers of second homes on the mainland, in line with the central government’s move to curb property speculation.
‘My maid just asked for leave,’ a friend in Beijing told me recently. ‘She’s rushing home to buy property. I suggested she borrow 70 per cent, so she could cap the loss.’ It wasn’t the first time I had heard such a story in China. Friends in Shanghai have told me similar ones. It seems all the housemaids are rushing into the market at the same time.
Alan Chiang Sheung-lai, head of the mainland residential department of property adviser DTZ, felt a chill when he read the circular released on April 14 announcing the latest round of measures aimed at curbing demand in China’s property market.
Beijing’s influence in Asia is spreading but how far can it reach on land and at sea?
Thousands of illegal Vietnamese workers have found work in the Pearl River Delta’s factories, thanks to a severe labour shortage and unintended side effects of the mainland’s two-year-old Labour Contract Law.
The mainland government is continuing to tighten the screws on second-home mortgage approvals as it tries to damp speculative demand.
The Commerce Ministry has long resisted international calls for a revaluation of the yuan, insisting that currency appreciation would devastate China’s export industries.
The Chinese military is seeking to project naval power well beyond the Chinese coast, from the oil ports of the Middle East to the shipping lanes of the Pacific, where the United States Navy has long reigned as the dominant force, military officials and analysts say.