Since the late 1990s, independent English language listings magazines have flourished in Shanghai and other major mainland cities. Now, their days could be numbered.
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Visitors (inc. participants) to conventions and exhibitions: 2.2m, of which 187,450 from abroad and 807,286 from outside Shanghai Demand for accommodation: 1m room nights No. of exhibiting companies: 20,000, of which 5,000 from overseas Shanghai Tourism Administration Commission and various venues
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Market briefs
China Central Television’s decision to air live broadcasts of the war in Iraq has boosted viewer rates and revenues, reported Taipei Times. In March, commercial revenues were up by Yn100m year-on-year, and the company was forecasting a similar increase in April. Qingdao Haier, China’s biggest appliance manufacturer, reported that net income in 2002 fell to […]
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Investment briefs
NEC of Japan is forming a joint venture to build a liquid crystal display production facility in Shanghai at a cost of US$700m, the Financial Times said. The Ministry of Culture is conducting feasibility studies into allowing foreigners to invest in ownership of entertainment venues in China, China Youth Daily said. Swiss watch maker Rolex […]
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In brief
John Thornton, president of US investment bank Goldman Sachs, has decided to retire to take a post as a professor at Qinghua University in Beijing, the Financial Times said. The People’s Bank of China announced that M2 – a key measure of money supplymincluding cash in circulation and deposits – was up 18.5 per cent […]