The International Olympic Committee released the evaluation report of three cities vying for the 2014 Summer Youth Olympic Games on February 11. Nanjing China overwhelmed Guadalajara Mexico and Poznan Poland, and is successfully selected to host 2014 Summer Youth Olympic Games.
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Beijing is ready for extend H1N1 vaccination program which will open to everyone who has a Beijing hukou.
On Friday, the health officials said that the program will begin on Nov 16.
The program means the capital is the first city in China who is going to inoculate all of its registered permanent residents, some 12 million people. Read more…
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The first State-level demonstration zone for independent innovation construction was constructed in Zhongguancun Science Park in Beijing’s Haidian district on 21st March.
As China’s largest hi-tech breeding nest, Z-park had enjoyed several policies to enhance its advancement, no matter for stock options or financial reform. Moreover, these supportive policies can be endeavored for a whole decade.
The State Council also announced a statement that the scientific and technological pilot programs could be carried out. Read more…
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The leading policy maker said China should take actions at present to strategically and completely reexamine the policies for millions of migrant workers who are unemployed due to the current financial crisis.
Liu He, deputy director of the Office of the Central Leading Group on Finance and Economy, said the need of the hour is to provide vocational training and education for the migrant workers. “This is not only about employment but also something that has severe social implications,” Liu said in an Read more…
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Shandong became only the second province to reach a GDP of over 3 trillion yuan in 2008. While most of the economies across the world are suffering from the current financial uncertainties, Shandong, the eastern coastal province, impressed all by a 2008 GDP of 3.11 trillion yuan—a growth of nearly 12.1 percent, achieving an accomplishment previously only matched by China’s traditionally most prosperous province—Guangdong.
According to a more in-depth analysis of the figures, it was also Shandong’s Read more…
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Situated in the northern part of Jiangsu Province, China and under the jurisdiction of the prefecture-level city of Suqian, Siyang County is an old city with a civilized history of 5,000 years and a county history of 2,000 years. It was once the capital of Sishui State during the Western Han Dynasty (206BC-AD24). Yanghe Daqu, one of the eight famous Chinese liquors, originated from here. It is also the only “County of the poplar tree”. The Jinghang Canal and the ancient Yellow River cross Read more…
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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 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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According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.
215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.
The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.
Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…
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On the day Mar, 27th, 2009, Mountain Partners Group (MPG), which is a Swiss investment company, announced that they would build the first institutionalized angle fund in China focusing on the new but potential corporations. Read more…
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