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

Players brawl with Americans

A Chinese provincial basketball team brawled with a US team during a demonstration game on Friday night in Jiashan county, Zhejiang, mainland media reported.

27 May 2012 - 12:00am

Innovation goes on display at trade show

With 5,000 booths and an exhibition area of 125,000 square metres, the 11th China International Consumer Goods Fair (CICGF) will be one of China's largest foreign trade fairs and one of its four largest import and export events.

More than 50,000 products will be displayed to about 70,000 visitors, including 20,000 buyers from outside the country.

23 May 2012 - 12:00am

HK firms rush to claim share of city's boom

Foreign investment continued to surge in Ningbo last year. Accumulated foreign investment reached US$5.02 billion, up 24 per cent from 2010. The city's gross domestic product rose 10 per cent to hit 601 billion yuan (HK$738 billion).

23 May 2012 - 12:00am

Billionaire's death sentence suspended

The death penalty for 30-year-old Zhejiang billionaire Wu Ying was upheld yesterday in a retrial, but suspended for two years - a decision hailed by some legal experts but slammed by Wu's father, who maintained she was innocent.

22 May 2012 - 12:00am

Wenzhou's grey loan market in downturn

Private lending in Wenzhou, Zhejiang, a seedbed for private businesses over the past three decades has plunged since a credit crisis almost crippled the local economy, city data shows.

14 May 2012 - 12:00am

Death sentence that left entrepreneurs in shock

The mainland's shadow banking system may have made many people rich, but it also has a dark side.

Billionaire Wu Ying, 30, was sentenced to death in 2009 for illegally raising funds with the intention to defraud - a verdict that has shocked thousands of entrepreneurs in eastern Zhejiang province, as they have used underground loans to grow their businesses.

23 Apr 2012 - 12:00am

Wenzhou tycoon's luxury fleet bid

Wenzhou tycoon Huang Weijian has been a hot online topic on the mainland this month after spending more than 400 million yuan (HK$490 million) to buy and refurbish a luxury cruise ship formerly owned by casino magnate Stanley Ho Hung-sun.

Huang, 40, who has renamed the former Asia Star as the China Star, said the cost was worth it.

30 Mar 2012 - 12:00am

Wenzhou shows way with financial reforms

Beijing said yesterday it would legalise Wenzhou's controversial underground banking sector and allow the city's residents to make direct investments abroad.

11 Jun 2015 - 4:12pm

Financing laws face overhaul

Premier Wen Jiabao said yesterday that the central government was considering an overhaul of laws that ban private fund-raising by businesses and individuals and may use the eastern city of Wenzhou as a testing ground for reforms.

15 Mar 2012 - 12:00am

Delegates call for care in tycoon's death row case

At least a dozen delegates at the nation's top legislature have aired concerns publicly in the past week over the death sentence handed down to Zhejiang businesswoman Wu Ying, calling for extra caution from the supreme court in deciding her fate.

12 Mar 2012 - 12:00am

Legalise underground banks, delegates urge

Delegates to the mainland's top political advisory body have called for underground banks that operate in the grey area of informal lending and fund-raising to be legalised.

12 Mar 2012 - 12:00am

Session to double as fashion showcase

The annual session of the National People's Congress, which opens today, will be a stage for some deputies to show off their beauty and elegance to hundreds of media cameras.

5 Mar 2012 - 12:00am

A good week for ...

Wang Shu

4 Mar 2012 - 12:00am

Beefing up the middle-class meat in the economic sandwich

For the last few weeks, Chinese leaders and US politicians have been addressing their chief domestic audiences. The main difference is that while the Americans see their middle class as an endangered species, Chinese leaders see them as saviours of the nation.

19 Feb 2012 - 12:00am