[photopress:television.jpg,full,alignright]Beijing will have a new claimant for the title of tallest building in the capital. This is the new headquarters of China Central Television (CCTV), which is on target to be opened before the end of this year. It is on the east side of the three-ring road in Chaoyang District and is 234 meters […]
Category: Economics & Trade
[photopress:apartment.JPG,full,alignright]According to an Internet survey conducted by sohu.com, of nearly 10,000 young Chinese adults, 70 percent of them think nothing of asking their parents for money to buy a flat. Only 30 percent stated a preference for independence and self-reliance. According to the survey, 84.85 percent of the respondents in Beijing think that it’s common […]
[photopress:shanghai.jpg,full,alignright]The Chinese government seriously wants to rein in overseas property speculators. Now foreigners have to get approval before they send funds out of the country if the money was earned from real estate nvestments. The State Administration of Foreign Exchange (SAFE) and the Ministry of Construction jointly issued a circular on the management of foreign […]
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A Wynn-win situation?
The Wynn Macau hotel-casino opened last night, becoming the “Macau’s first full-scale Las Vegas-style casino resort”, according to this article in the South China Morning Post. A confident Steve Wynn had the following to say: “The Sands was an interim step … It’s performed well financially, but in no way does it represent the future […]
[photopress:hawaii.jpg,full,alignright]The Chinese government is spending $1.3 billion to bring its hotel’s hospitality services up to standards. That’s because the World Tourism Organization says China will be the number one tourist destination by the year 2020. China wants to make sure it’s ready. Chinese delegates have signed an agreement with University of Hawaii Community Colleges. The […]