Monthly Archives: January 2014
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
On December 27 of 2013, during the National Conference on Commercial Work, Mr. Gao Hucheng, Minister of Commerce of PRC offered an interview to media on the overall situation of commercial work. Continue reading
Shanghai’s economy grew 7.7 percent in 2013 from a year earlier, equaling the national average and faster than 2012’s 7.5 percent, the city’s statistics bureau said on the 27th of January, 2014.
Total economic output was 2.16 trillion yuan (US$351 billion) last year, with growth at 7.6 percent in the fourth quarter, following 7.8 percent in the third, 7.6 percent in the second and 7.8 percent in the first. The service sector expanded 8.8 percent, and it gained 1.8 percentage points to account for 62.2 percent of the overall economy. The manufacturing sector gained 6.1 percent while agriculture fell 2.9 percent, the bureau said. Continue reading
The 2014 WPP BrandZ Top 100 Most Valuable Chinese Brands study shows that China is increasingly a consumer-driven market amid the government’s increased emphasis on rebalancing the domestic economy. Market-driven brands (private companies without government backing) in the Top 50 of the ranking enjoyed value growth of 27 percent – three times that of state-owned enterprises (SOEs) at 9 percent. Continue reading
Acquisition of Shanghai Lifei Information & Technology Company by Thermo Fisher Scientific Inc. approved.
On January 14, the Chinese Ministry of Commerce conditionally approved the acquisition of Shanghai Lifei Information & Technology Company by Thermo Fisher Scientific Inc. Continue reading
The Shanghai Tower has reached 603 meters in height, and its builders say they are on schedule to complete the construction of the city’s tallest building this year. Continue reading
Yang Xiong, male, a graduate with a Master’s degree in economics from the postgraduate institute of the Academy of Social sciences of China in July 1985, and a senior economist, was born in Hangzhou, Zhejiang Province, in November 1953. Mr. Yang was elected to be the Mayor of Shanghai in 2013. He is now also Deputy Secretary of the CPC Shanghai Municipal Committee, and Secretary of the Party Leading Group of the Shanghai Municipal People’s Government. Continue reading
Which can move faster? Snake or horse? In a very short dash, snake may be. But in a long race, horse will definitely win out. As we are seeing off the snake year and welcoming the arrival of the horse year, we cannot help wonder what the Chinese zodiac forebodes.
There is an old Chinese idiom, tiger head followed by snake tail, which denotes some thing with a good start ends badly. So there is nothing splendid about snake tail in a cultural sense. However, this snake did not go out without a bang. The end of the tunnel of QE has finally appeared. Continue reading