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China Innovation

China, Technology, Innovation and the Environment: Self-innovation key for China’s industrial modernization

China should focus on self-innovation rather than over-reliance on technology imports to achieve the industrial modernization, according to a blue paper issued by the Chinese Academy of Social Sciences (CASS) recently. The report was made upon CASS’s survey on the country’s 15 key industries. The result showed inadequate investment in self-innovation in China, which has held back the country from faster industrialization […]

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China

Education in China: Gap between rural and urban education levels huge

A survey made public recently by Peking University shows that China is seeing an increasingly large gap between the education levels of people holding urban and rural permanent residency permits, or hukou in Chinese. The survey, carried out in Beijing, Shanghai, and southern Guangdong Province, found that only 0.7 percent of the 2,732 rural respondents have university degrees or higher as opposed to 13.6 percent among the 3,253 urbanites polled […]

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China

Living in China: Survey shows Beijing’s office workers spend 70 minutes on daily commute

According to statistics released by the Beijing Municipal Bureau of Statistics (BMBS), residents’ average daily work-related travel time was 70 minutes in 2008, 16 minutes longer than 20 years ago. The survey’s statistics show that the average daily duration of work for urban and rural residents was 5 hours and 55 minutes in 2008, 43 minutes shorter than 20 years ago. At the same time, work-related travel time was 70 minutes, 16 minutes longer than 20 years ago.

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China

Architecture & Urban Planning in China: Shanghai is the world’s 4th tallest city

Shanghai made it to 4th place in Forbes’ list of the world’s tallest cities with a total of 21 towers climbing over 700 feet. The current tallest is the Shanghai World Financial Center, at 1,614 feet, but it’ll be surpassed by the Shanghai Tower, which is expected to be completed in 2014 and reach heights of 2,000 feet. It was beat out by Dubai, Hong Kong and, at number one, New York City […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: In a Tidal Shift, Chinese Spending More Overseas

Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]

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Trend Watching

Internet in China: blogs exceed 100 million

China-based blogs total 107 million, with more than 42 percent of netizens running a blog, a senior information official said here on recently. Cai Mingzhao, deputy director of the Chinese State Council Information Office, made the comment at the 2nd U.S.-China Internet Industry Forum. The number of blogs was about 40 million just a year ago […]

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China Economics Trend Watching

2007 Retrospective: Top 10 Economy Events in China

The following is the 2007 Top 10 Economic Stories Selection from Economic Information Daily and Perfect China Co Ltd. The chief editors of 16 Beijing-based news organizations, including Zhu Ling, editor-in-chief of China Daily, as well as renowned local economists, put together this selection of the year’s top stories. 1. Property The National People’s Congress, China’s top legislature, passed the Property Law of the People’s Republic of China on March 16. The law granted equal protection to public and private properties for the first time…

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China Economics Innovation Trend Watching

China, Technology, Innovation and the Environment: Part II

An energy structure with a low utilization rate, and an economic growth mode with serious, hazardous emissions have posed stark challenges for the sustained growth of Chinese economic society. Faced with such a grave situation in energy saving and emission reduction, more than 6,000 science, technology workers, as well as scientist-turned-entrepreneurs on met recently to discuss issues such as energy saving and environmental protection. Among them were more than 100 members from Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE), the highest palaces for scientific research achievements and engineering progress […]

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China Economics

China Enacts National Competition Law

Culminating a 13-year drafting process, on August 30 the Standing Committee of the National People’s Congress enacted China’s first competition law, the Anti-Monopoly Law ( [Fan Longduan Fa] ). It prohibits discriminatory and anti-competitive practices by local administrative and public bodies against products, business operators and investors from other parts of China, and Fines for monopoly agreements and abuses of dominant position may range as high as one to ten percent of the wrongdoing company’s total sales volume in the relevant market during the previous year…

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China Economics Innovation

China to Implement Intellectual Property Strategy

A symposium on implementing Intellectual Property Strategy Higher Education in China has just concluded at Renmin University on October 22. The forum aimed to further implement intellectual property strategies and develop an innovative economy, as well as providing an overview of the intellectual property education system. Binying Wang, assistant director-general of the World Intellectual Property Organization ( WIPO ) explained the importance of the forum…