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New free trade zones key to pushing forward economic reform
By expanding the FTZs to inland and less-developed provinces, where the level of local governance has lagged behind the prosperous coastal region, it could propel the deepening of regulatory reform in these regions, thus providing new sources for growth.
Real Estate Mania
At several high-level central government meetings in the past few months, the focus for policymakers has been deflating China’s giant real estate asset bubbles in order to keep the wider economy healthy.
Primeval Forests Shrink
According to a recent Greenpeace field survey, China has just 69,500 square kilometers of intact primeval forest left, accounting for 3.34 percent of the country’s total forest area.
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Ayi Anguish
China had more than 500,000 housekeeping firms in 2015 employing over 20 million people, according to Yang Zhiming, deputy minister of Human Resources and Social Security.
Empty Seats in Empty Theaters
Statistics from the Daolue Cultural Industry Research Center show that China has 2,255 theaters operating nationwide, including roughly 1,000 that specialize in particular genres or styles of plays or operas. Since 2010, an average of 10 theaters have opened every year, but the percentage of theaters that sit empty all year remains at 27 percent.
Billionaires Play Ball
After snatching up castles, ports, mines and vehicle manufacturing enterprises overseas, Chinese billionaires have set their eyes on soccer clubs.