Tokyo is still the world’s most expensive city to live in and Oslo and Osaka still make the top five, but the Worldwide Cost of Living 2011 survey just released from the Economist Intelligence Unit also revealed some dramatic changes in the last year […]
Tag: Hong Kong
China, already the world’s second-largest luxury goods market, will soon slash import duties on “opulent items” to encourage wealthy local shoppers to buy more pricey cosmetics, watches and liquor […]
People of Chinese origin have become the second largest group of billionaires behind the United States, Forbes China said recently […]
According to Gallup’s 2010 global wellbeing survey, only 12 percent of people on China’s mainland judged themselves to be thriving, the same level as countries such as Afghanistan and Yemen […]
China boosted electricity generation to a seven-month high in March/2011 […]
More mainland tourists are expected to spend money on overseas travel in 2011, according to a report released to the national tourism authority recently […]
Luxury market grows 23 percent in 2010 from 68 billion yuan (US$10.2 billion) in 2009, with the younger generation driving sales […]
Speaking at a TED Salon in London, economist Martin Jacques asks: How do we in the West make sense of China and its phenomenal rise? He examines why the West often puzzles over the growing power of the Chinese economy, and offers three building blocks for understanding what China is and will become […]
A study from American consultancy Bain & Co says that China remains the fastest-growing luxury goods market in the world, with a sales volume of 68.4 billion yuan ($10.27 billion) and an expected increase of 30 percent this year over last year’s takings […]
The Chinese national pavilion is the largest of its kind at the Expo and most expensive, costing an estimated US$220 million. The 63-meter high pavilion, the tallest structure at the Expo, is called “The Crown of the East,” as it is meant to resemble an ancient Chinese crown with its distinctive roof, made of traditional dougong or brackets, which date back more than 2,000 years […]