In an expansion bid in Asia's top logistics market, United Parcel Service said it would open its first mainland cargo hub in Shanghai, marking the first steps to launching a domestic Chinese express-delivery service this year, the Wall Street Journal reported. UPS rival FedEx is said to be announcing its plans to open a Chinese […]
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S&P: HK property recovering
The Hong Kong property market recovered strongly in 2004, but with rising interest rates in the territory, the outlook for the next 12 months is uncertain, state media reported, citing Standard & Poor's ratings services. The luxury residential market has been the main beneficiary of the rebound, but with banks tightening their mortgage lending rates, […]
Shanghai will build an offshore wind-power station in the next five years with a designed capacity of 100,000kw, making it the largest offshore wind-driven power station in the nation, state media reported. The government is inviting bids for the project, and said the investment would be returned in 10-20 years, without citing the exact cost […]
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Chinese young have sex at 17
Males and females between 14 and 20 in urban China have their first sexual experience at the average age of 17.4, almost nine years earlier than their grandparents, state media reported, citing a new survey published on Tuesday. Experts attribute the trend to the opening up of China, the earlier arrival of puberty and the […]
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Rice to visit Beijing
Four of President Bush's top aides, including US Secretary of State Condoleezza Rice and Commerce Secretary Carlos Gutierrez, will arrive in Beijing this weekend for economic talks on issues ranging from anti-piracy initiatives to China's surging textile exports to the US, the Wall Street Journal reported. Rice is also expected to resume diplomatic talks with […]