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  • Apr 19, 2014
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Independent Cities

China Digest, October 6, 2012

BEIJING

The cultural revelation

Saturday, 6 October, 2012, 10:26am

Beijing readies new push to send state media firms public

Beijing is honing an ambitious strategy that will clear a path for the media industry to list on the stock market.

The new round of reforms to overhaul the propaganda machine is likely to spawn dozens of initial public offerings by media outlets and publishing companies in line with the Communist Party's goal of boosting the culture industry.

5 Oct 2012 - 7:00pm

China Digest

GUANGDONG

Luxury spending falls

Consumption of luxury goods in Guangzhou has been declining since February due to an economic slowdown, according to officials with the provincial chamber of commerce, the Guangzhou Daily reports. Some high-end brands have offered considerable discounts, but sales growth has slowed this year.

Dengue fever case

28 Aug 2012 - 3:31am

Alarm bells sound over local government stimulus plans

If the mainland's economic growth rate slumps this year, it won't be because local government officials failed to come up with ambitious stimulus plans.

Over the last two months, province after province has outlined massive investment proposals to boost activity in the face of slowing growth.

24 Aug 2012 - 3:44am

Housing affordability ratio alarming for Hong Kong, Guangzhou, Shanghai

Despite the introduction over the past two years of measures to cool house prices on the mainland and in Hong Kong only minor price corrections have been witnessed in many cities.

In Hong Kong, prices have continued to rise and have now surpassed their previous peak level.

27 Sep 2013 - 4:20pm

Soho China to turn new strategic corner

Soho China, a Beijing-based commercial property developer, announced yesterday that it was altering its strategy to become more of a landlord and less of a sales-driven real estate developer in Beijing and Shanghai.

The company said it wanted to capitalise on "the huge growth in rental and value for prime office building" in the two cities.

17 Aug 2012 - 11:12am

It's either boom or bust for Qianhai investors

Will Qianhai become the "Manhattan of the Pearl River Delta", or will it become just another property project like countless others in southern China? That's the million-dollar question that many local bankers and brokers want to know the answer to.

14 Aug 2012 - 2:58am

Bo Xilai and his white elephants

Liao Bigang long dreamed of moving out of his 700 yuan (HK$858) a month shack in one of the slums of inner Chongqing.

Every day he feared for the health and safety of his six-year-old son, who was growing up in filthy and unsanitary conditions infested with rats and cockroaches, where drug addicts and hoodlums prowled.

15 Aug 2012 - 11:15pm

Gulf opens between residents and official media over floods

The news footage on Beijing Television showing Beijing party secretary Guo Jinlong having instant noodles at an emergency meeting over the deadly July 21 flood in the early hours of the following morning lasted only for about three seconds.

29 Jul 2012 - 12:00am

Shanghai land sale flies in face of cabinet warning

A residential site in Shanghai sold at auction for 1.64 billion yuan (HK$2.01 billion) after a fierce bidding among 11 developers, despite a State Council warning of possible tightening in property curbs.

27 Jul 2012 - 12:00am

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