Old Version
Mixed-ownership reform should be about more than just SOE debt
On September 11, a consortium of eight private firms led by Shanghai’s Fosun Group signed a public-private partnership (PPP) contract with the Zhejiang provincial government to build a high-speed railway linking Hangzhou, Shaoxing and Taizhou. S
Retail Revolution
The rapid development of information technology – including the Internet, big data analytics and cloud computing – has dramatically transformed Chinese consumption habits.
Desert Business
At the 13th Session of the Conference of the Parties to the United Nations Convention to Combat Desertification, held in the Chinese city of Ordos in September, an eco-wealth report on the Kubuqi business model was unveiled that recognized China’s ecological achievements. Kubuqi, China’s seventh-largest desert, was once a major source of sand storms in northern China.
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China Enters a New Era of Socialism with Chinese Characteristics
China’s ruling Party, the Communist Party of China (CPC), held its 19th National Congress from October 18 to 24 in Beijing, where Party General Secretary Xi Jinping declared that China has entered “a new era of socialism with Chinese characteristics.”
Aggravating
Seven people were fined 15,000 yuan (US$2,300) each for chasing after Tibetan antelope in two off-road vehicles to take photos.
Controversial
Two sisters in Qinghai Province have triggered wide controversy online after they sold local air online at 15 yuan (US$2.30) per bag.