Heavy white storms staged a comeback late yesterday as China’s transport network remained crippled by the heaviest snowfall in five decades. Millions of people trying to head home for the Spring Festival are stranded. The big freeze has killed dozens of people, impacted on the lives of at least 80 million others and caused economic losses estimated at more than 53.8 billion yuan (US$7.5 billion)…
Tag: Chinese Mainland
The total number of billionaires in China has risen to second place in the world, just behind the US, Yangcheng Evening News reported recently: The 2007 top 500 Chinese magnates list was recently released in Hong Kong, the combined wealth of the 500 magnates exceeds 4,342.6 billion yuan (US$ 587 billion). The number of Chinese magnates with more than one billion dollars in assets has reached 146, compared to 85 last year […]
China lags behind global levels of information security and the gap is in the policy environment and business awareness – not in technology, PricewaterhouseCoopers said yesterday in Shanghai. Chinese firms lack protection of privacy, intellectual property and internal control, according to the fifth annual Global State of Information Security Study 2007 jointly conducted by PWC, CIO Magazine and CSO Magazine…
Revenue of Shanghai’s information technology industry is set to double last year’s figure to surpass 1 trillion yuan (US$128 billion) in 2010 when the World Expo is held here. The city will invest heavily in several IT projects for the expo, such as a citywide wireless broadband network, a digital transport management network, electronic payment and social security systems, paper-less customs application system and mobile TV, according to Shanghai Municipal Informatization Commission […]