The Bank of East Asia has surprised investment circles in Shanghai by announcing that its newly introduced product under the qualified domestic institutional investor (QDII) scheme had gained more than 20 percent in only half a month amid the international market turmoil brought about by the US credit crisis.
The outlook is rosy for the hotel market in Beijing and Shanghai in the next two years, with the 2008 Beijing Olympics and 2010 Shanghai World Expo just around the corner, according to consultancy firm Jones Lang LaSalle Hotels.
Guangzhou has received the go-ahead to begin construction on a big ship-production base that could help advance the southern metropolis' status as a major Chinese ship producer.
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