Shenzen residents will be allowed to travel to the neighboring Special Administrative Region of Hong Kong under a new, less restrictive policy that took effect last Wednesday. The new policy allows residents of Shenzhen to apply for a one-year multiple-entry permit with a maximum stay of seven days per trip....
Asia's first wind power generator was recently installed in a wind power plant in East China Sea, sources reported. The wind power plant, which is still under construction, consists of 34 offshore wind generator sets, and will cost RMB 2.3 billion in total....
Shanghai reached RMB 19.9 billion in real estate transactions in March, and sales area of residential properties hit 1.51 million square meters (sq m), a notable month-on-month increase of 91%, representing the highest transaction volume since November 2007, sources reported.Last month, the...
Cisco Systems, the world's largest supplier of networking equipment, donated US$7.72 million worth of IT equipment, software and related materials to over 50 colleges and universities in Sichuan Province, sources reported.Cisco granted "Certified Network Associate" awards to the selected educational...
Greenland Group, a Shanghai-based property developer, announced on Mar. 31 that it intends to invest RMB 10 billion in property development, service industry construction and urban redevelopment in Jiading District, Shanghai, sources reported.The project, which will be under construction for five years, has a...
Microsoft Corp, the world's top producer of software for personal and business computing, recently launched a Windows 7 hardware testing lab in Beijing, the capital of China, sources reported.Mike Nash, corporate vice president for Windows Product Management, said the new lab will run extensive hardware...
Hong Kong's Financial Services and the Treasury Bureau (FSTB) said Tuesday that the Hong Kong government registered a deficit of HK$6.6 billion (US$852.44 million) in February when it collected only HK$15.5 billion in revenue.During the first 11 months of the fiscal year that ended on Feb. 28, the...
Tesco Corp, the British international grocery and general merchandising retail chain, plans to open its first supermarket in China this Fall in Xiamen, a coastal city in southeastern Fujian Province, said the UK Trade & Investment business delegation at a press conference in Xiamen....
Shanghai's Pudong New Area will benefit from loans from fifteen banks that signed agreements on Tuesday to lend up to RMB 108 billion (US$15.8 billion) for development.The participating lenders include the five largest state-owned banks in China, and two policy lenders, China Development Bank and China...
Taiwan plans to remove restrictions on tour group fees for mainland tourists to bring more flexibility to Taiwan's tourism sector, according to Lai Sher-jen, director-general of the Taiwan Tourism Bureau, sources reported.Lai explained that the Taiwan Tourism Board will no longer regulate fees for mainland...