Developers keen to exploit tourist yuan

Mainland developers are turning to tourism-related commercial projects as safer bets than residential developments, which are bearing the brunt of government measures to curb demand and price growth in the sector.

Wednesday, 30 May, 2012, 12:00am

Lawmakers seek details of lavish games spending

Municipal lawmakers and political advisers attending high-level provincial meetings at the weekend said they would call for the full disclosure of financial details from the costly World University Games in August.

9 Jan 2012 - 12:00am

Stability fears as small businesses feel the pressure

First it was Wenzhou, then Yiwu, and now Huzhou. Small and medium-sized businesses in Zhejiang province seem to be in trouble.

In the past few weeks, the mainland media has focused on Yiwu, the private-business boom town, after hundreds of entrepreneurs absconded after being burned by underground banks in Wenzhou.

29 Oct 2011 - 12:00am

Property record for tiny site in a small city

A residential site in a small city in Zhejiang has broken a record for property on the mainland.

22 Jun 2011 - 12:00am

'Taobao village' rides on Yiwu's success

Five years ago, Qingyanliu was an unknown village of about 1,000 farmers in a suburb of Yiwu, Zhejiang . Today it has become an important business area of the city with a population of 8,000 and more than 1,800 thriving online businesses.

21 Sep 2010 - 12:00am

'Victims' made fortunes in Ponzi scheme

Dozens of government cadres in Yiwu, Zhejiang, who were formerly thought to have been the victims of the mainland's most high-profile fraud, have now been revealed to be lenders who made fortunes from the scheme.

21 Jan 2010 - 12:00am

It's business as usual in Guangzhou

To heal wounds caused by a protest by up to 200 Africans in July, Guangzhou police are offering a two-month amnesty and talks with leaders of their community to resolve differences. On July 15, two Nigerians were injured after they tried to evade passport checks conducted by the police.

10 Dec 2009 - 12:00am

Santa's ghetto

It's a scene that might take a little of the sparkle out of your festive season. In a vast factory building piled high with cartons and cardboard packaging, workers squat on small stools as they glue together the synthetic green branches of hundreds and hundreds of ornamental Christmas trees.

6 Dec 2009 - 12:00am

Marksman kills knife-wielding hostage-taker

Police in Guizhou province shot dead a knife-wielding man who took a woman hostage on a city bus and then demanded guns and 1 million yuan (HK$1.13 million) in cash, a spokesman for the Guiyang police bureau said yesterday.

20 Jun 2008 - 12:00am

One killed in Zhejiang blast

At least one person died and 35 others were injured in an explosion on Wednesday night in the Zhejiang city of Yiwu , best known as a trading hub for small, everyday items, state media reported yesterday.

According to Xinhua, Wang Puhong , a deputy director of the Yiwu Public Security Bureau, said the explosion was deliberate, but he ruled out a terror attack.

13 Jun 2008 - 12:00am

Land of constraints

Li Sau-hung, a local industrialist knowledgeable about mainland-Hong Kong economic co-operation, has advocated following the 'Yiwu experience' in establishing an exhibition centre of mainland goods in Hong Kong. What is the Yiwu experience?

25 Jun 2007 - 12:00am

Former central bank boss under probe over bribery

The former head of a central bank branch in the eastern city of Jinhua is under investigation for allegedly taking bribes from a failed brokerage, Caijing magazine said yesterday.

14 Jul 2006 - 12:00am

Sale of the century

The early-morning sun crests the mountains, pulling pink clouds across a lemon sky. In a new riverbank park, there's not a soul to be seen. Outside a nearby hotel, however, day labourers throng the pavement, pushing bicycles that have paint rollers, shovels or sledgehammers strapped to the frames as crude advertisements of their trade.

26 Mar 2006 - 12:00am

Shanghai Industrial takes 30pc of toll-road project

Shanghai Industrial Holdings has committed to a 2.86 billion yuan Zhejiang toll-road project in an effort to fill an earnings gap left by the sale of the company's infrastructure portfolio.

The infrastructure-to-consumer goods conglomerate said yesterday that it had signed an agreement to take a 30 per cent interest in the project at a cost of 283 million yuan.

2 Dec 2004 - 12:00am

Hijacker captured

A would-be hijacker was overpowered yesterday as he tried to force a mainland passenger aircraft to Taiwan, Beijing officials said.

The man, a mainlander aged about 30, had threatened to blow up the plane, which was on a flight from Yiwu, Zhejiang province, to Xiamen, Fujian, and was carrying up to 40 people.

24 Nov 1999 - 12:00am