Incidents of premarital sex in China are up from 15.5% in 1989 to 65% in 2004 with Guangdong recording an 86% increase, said Li Yinhe, China's first female sexual sociologist, who described her study in a speech reported by state media. Li said 26% of Chinese women never experienced a sexual climax, a much higher […]
Category: Economics & Trade
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US-China textile pact
The US and China have agreed to a tentative, three-year textile accord which would allow imports of Chinese-made pants, knit shirts, bras and other items to increase 10% in 2006 and about 16% by 2008, according to media reports. But because the increases are based on this year's regulated export levels, effective shipments under the […]
Shanghai Airlines, the Mainland's fifth-biggest carrier, plans to purchase or charter 50 aircraft to meet market demand over the next five years, the Hong Kong Standard reported. Half the order is believed to have been placed with Boeing at a cost of US$5 billion over five years. The expansion will bring Shanghai Airlines' fleet to […]
The EU is planning to introduce anti-dumping tariffs on China's exports of leather and reinforced shoes after inspectors found "quite compelling evidence" of manufacturers selling shoes below the cost of production, the FT reported. The potential sanctions, which would also affect India and Vietnam, differ from the WTO safeguard clause used to control textile exports […]
China's richest man, Larry Yung, retained top spot on the Forbes magazine list (often called the "death list" because it sparks official investigations) of the country's wealthiest individuals. Yung is chairman of Citic Pacific and the son of a former vice president of China. His net worth is estimated at US$1.64 billion. Property developer Zhu […]