A recent media story, which power companies denied, claimed that almost 65 million power meters in urban China had registered zero consumption over a six month period, which raised a theory that there are enough empty apartments in China to house 200 million people. However, the true figures will probably never be known, because there … Continue reading China quantity bubble fears as speculators leave apartments empty
Tag: China
Rio Tinto’s record profit aided by China’s resource demand
Mining giant Rio Tinto has posted a record first-half profit, driven by iron ore sales to China, with net earnings up 260 per cent to almost US$6.4 billion. Rio has announced plans to spend about US$13 billion over the next 18 months, displaying its confidence in Chinese demand, even though China has started the process … Continue reading Rio Tinto’s record profit aided by China’s resource demand
“Made in China” brands emerging in luxury goods market
Billionaire investor Warren Buffet and Microsoft founder Bill gates have revealed they are fans of Chinese suit maker Trands, and Buffet believes China is the future of fashion. Trands, based in Dalian in China’s northeast, is one of several up-and-coming Chinese brands taking on Gucci, Armani and Prada. Chinese sales of luxury goods grew by … Continue reading “Made in China” brands emerging in luxury goods market
Civilian high-tech projects benefit from China removing tariffs and value-added taxes
Major civilian high-tech projects will benefit from China’s decision to scrap import tariffs and value-added taxes (VAT) on key imports used in these ventures. The Ministry of Finance, Customs Department, made the announcement today, stating that the tariffs and VAT had not been imposed since July 15, and the move was designed “…to promote the … Continue reading Civilian high-tech projects benefit from China removing tariffs and value-added taxes
Jiading Confucius Temple in Shanghai
Jiading is an ancient town located in Jiading District, about 20 kilometres northwest of Shanghai. On the southside of Jiading, in South Street, is the famous Confucius Temple, known locally as Jiading Kongmiao. It is one of the biggest and best preserved temples in Eastern China. It also serves as the Jiading Museum, and provides … Continue reading Jiading Confucius Temple in Shanghai
Shanghai China Nights
While there is much to see in Shanghai, these night time shots of the city’s lights, including from helicopter, rooftops and restricted locations, are particularly spectacular. Shanghai has grown from a small fishing and textiles town, to become one of the largest cities on Earth, with a population of over 20 million people. This important … Continue reading Shanghai China Nights
Craig Hill 