The importance of guanxi in executives' career management in China is being seen as changing as a result of online career management and social media sites, according to a recently released survey.
Nothing appeared more serious than the market-wide setback for Chinese stocks as the Shanghai Composite Index fell to 2000 and may, as some analysts fear, fall further to 1900.
Topic 1: Stocks in the United States, Europe, China and Japan all plunged on Thursday as investors fretted over the US Federal Reserve's plan to begin reducing its stimulus later this year if the economy strengthens. Federal Reserve Chairman Ben Bernanke on Wednesday said the central bank's policy of buying $85 billion in bonds per month could start to wind down this year if the economy is strong enough and could finish in mid-2014.
Starwood Hotels and Resorts Worldwide has announced plans to open a new hotel in China every 20 days for the next year. China is already the hotel conglomerate's largest market outside the United States, and also its fastest growing - with 120 hotels open and more than 100 in the pipeline.
Where else in China can you get married on the beach with the tropical sun shining down on you? This is the dream wedding with style, romance and atmosphere. In fact, it is everything a beach wedding should be, and it's all part of the bridal show put on at the beachside lawn of the Kempinski Hotel Haitang Bay Sanya, a 2 billion yuan ($323 million) investment by the group and its first and only beach resort in China.
There is now one more reason to visit the island of Bali. The Regent Bali, barely a few weeks old after its opening on June 1, is another good place to enjoy Bali's famous beaches, with the added incentive of perfectly landscaped greenery and a large infinity pool.
China's Wanda Group, which owns AMC Theaters, is spending $1 billion to build a five-star hotel in New York City, becoming a new addition to the recent Chinese investment wave in the Big Apple's real-estate market.
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