In the first half of June/2009, China’s average daily power generation capacity was 9.764 billion kilowatt-hours, down 0.17 percent year-on-year, according to statistics from the State Grid Corporation of China (SGCC). In May, the nation’s average daily power generation capacity dropped around 3.5 percent year-on-year […]
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Soaring living costs and high housing prices are negatively affecting how Shanghai residents feel about their quality of life, according to a nationwide economic survey released recently […]
Shanghai’s universities rank second in the country behind Beijing as cradles of billionaires and business tycoons […]
We all know that China is still a developing country, so you may be amazed if you hear the following facts: China has overtaken the U.S. to be the world’s second-largest luxury goods market […]
Amid a widening wealth gap between rich and poor, a new survey has found that 96 percent of the public said they feel resentful toward the rich […]
The more than 4 million Chinese families with million dollar assets in 2008 will reach 7.8 million in 2013, according to a new report by Boston Consulting Group (BCG) published recently […]
The New York Times has just published an article on Taobao fever […]
Recently the Hurun Research Institute published the 2009 Chinese Nouveau Riche Consumption Standard Report on the new rich in six cities: Beijing, Shanghai, Hangzhou, Shenzhen, Chengdu, and Shenyang; and the winner is: […]
The large-scale report of ‘China in World’s Eyes’ was issued in Beijing recently. Foreigners from more than 20 countries around the world were surveyed in the report. When asked which can represent China best, most foreigners chose the Great Wall, Kung fu and Chinese food; and 21% of them considered the Great Wall as the best thing representing China. Influenced by Hollywood films, foreigners were greatly impressed by Kung Fu; many of them even thought most Chinese could play Kung Fu…
Taobao, the online auction unit of China’s e-commerce giant Alibaba Group, announced the parent company would invest in it 5 billion yuan (732 million U.S. dollars) over the next five years. Taobao president Lu Zhaoxi said the investment showed its confidence in the long-term Internet development and economic growth in China […]