Tag Archives: Yuan

China, Technology, Innovation and the Environment: energy security pushes China into Wind Power

The Chinese government recently upgraded its wind installation capacity target for 2020 to 150 gigawatts from 100 gigawatts, representing a compound annual growth rate of 20% for accumulated wind-generation capacity, according to analysts Min Li and Wendy Wang at Yuanta Research {...]
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Gaming in China: Sales of online gaming industry hit 4 billion US dollars in 2009

The pace of growth of China's online gaming industry slowed in 2009, growing 30.2 percent to 27.1 billion yuan ($3.97 billion) over the previous year, according to data from research firm iResearch [...]
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China, Socialism & Consumer Behavior: Shanghai’s sky-high priced luxurious house unveiled

Tomson Group has built a top luxurious housing block in Pudong, Shanghai. Tomson cooperated with Versace Home to built a luxurious show house of more than 900 square meters, with the name "Versace Home at Tomson Riviera" [...]
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China, Socialism & Consumer Behavior: Consumer spending helps boost Shanghai’s growth

Shanghai's economy made further progress last month as a result of continued strong growth in local consumer spending and investment, while exports also improved to help strengthen a growing recovery [...]
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Education in China: 56% of student startups get low marks

More than half of government-subsidized student business companies were scored as "mediocre" or even "bad-performing" after years of operation, according to an report released recently at the Shanghai Entrepreneurship Week [...]
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e-Commerce in China: online sales boomed in 2009

Online sales in China almost doubled in the first nine months of last year, official data showed recently, as China becomes more switched on and the younger generation of shoppers bare more confident in Internet shopping [...]
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Media in China: the evolution of Chinese mainstream TV series

TV screens in China last year were bombarded with "mainstream" or tribute-style political and patriotic TV series. Unlike most previously released mainstream TV, which lost ground to popular overseas and commercially-produced local series, last year's shows have attracted a substantial number of viewers due to their diverse and interesting content, modern production techniques and more natural acting approach [...]
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Living in China: Average income in Shanghai rises 8% in an year

Annual disposable income for residents in Shanghai during the first three quarters of this year reached 21,871 yuan (US$3,200) per person, which is 8 percent more than last year, according to latest figures from the Shanghai Statistics Bureau [...]
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China, Socialism & Consumer Behavior: Beijing tops the Chinese Nouveau Riche list

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: [...]
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China, Socialism & Consumer Behavior: More rich by 2015

The global economic recession is forcing the rich in China to scale down their spending on luxury goods, but it cannot hold back the rapid growth of wealthy households, according to a report released recently by global management consultancy McKinsey & Company. China is expected to be the world's fourth largest country with wealthy households by 2015, after the US, Japan and the UK. The nation is expected to have more than 4 million wealthy households by then, the report said [...]
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