As a senior railway official said on March 24, 2009, the two high-speed railways that opened on April 1 amazingly shortened the travel time between the hinterland and the coastal areas.
The Hefei-Wuhan passenger railway and the Hefei-Nanjing lines, which opened last year offered the shortest link between Central China and Yangtze River Delta region of East China. Both of them last over 350km. Read more…
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China, economy, official, passenger, rails, travel
Qin Tian had lost 6,000 RMB ($882) before he got the warning that swindlers could get his money off his credit card magically without even touching his card.
At first, Qin suspected it was due to the insecurity of the bank to have his information leaked, but then he realized it was his own negligence to give out his own information through phone. The scammer claimed to be a bank employee, but only he was not. Read more…
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bank, China, credit card, economy, information, security
Over half of almost 800 wealthy Chinese who have been surveyed hold the opinion that the growing financial disparity between the rich and the poor also leads to the appearance of an upper class in the country.
Best Life, a life style magazine, carried out the survey, interviewing 792 wealthy Chinese in 62 cities from 27 provinces with the help of local chambers of commerce. The interviewed people were private entrepreneurs possessing property of over 10 million Yuan, i.e. 1.4 million dollars. The magazine said in June, over Read more…
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China, city, crisis, economy, property, province
The meeting of the finance ministers and central bank chiefs of G20 countries in March drew great attention. That’s because of the great influence of the global financial crisis.
The most important thing discussed at the meeting was how to deal with the financial crisis, rebuild the present financial system and reform the international financial organs. Read more…
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China, crisis, economy, G20, IMF, influence, reform
China and Russia may join together to build a $4-billion oil refinery in the north of Tianjin municipality to meet the growing domestic demand, according to the local government.
The project, which will be located in Binhai Industrial Zone of Tianjin, is developed by China National Petroleum Corp (CNPC) and Russia’s OAO Roseneft. It is capable of processing 10 million tons of crude oil every year. Read more…
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China, economy, government, oil, refinery, Russia, Tianjin
As a senior railway official said on March 24, 2009, the two high-speed railways that opened on April 1 amazingly shortened the travel time between the hinterland and the coastal areas. 
