Two designer outlet villages are set to open in Pudong next year ahead of the first phase of Shanghai Disneyland - Silk Road Holdings' Renaissance-styled Florentia Village, in January, and Shanghai Village, operated by Value Retail, later in the fall.
China-based outlets may not be as bulletproof as operators claim when a financial pinch hits, but they are still a sound investment, property consultants said.
It is a typical holiday scene in the United States: a decked-out Christmas tree, twinkling lights and a line of shoppers waiting for Santa Claus.
The record shows that most of the overseas Internet giants stumble in China no matter how big their names are in their home markets.
Natural gas consumption growth in China is estimated at 9 percent this year, the first time that expansion has been in the single-digit range since 2007, experts said on Wednesday.
Deregulation on the mainland poses a rising threat to Hong Kong's role as a source of capital for Chinese enterprises next year, according to stock analysts and investment bankers.
Despite the economic slowdown and less promising outlook predicted by many organizations, finance professionals are still confident of better employment opportunities in China next year, a survey said on Wednesday.
Volkswagen Group China founded a lab to study powertrains and donated three of its most advanced engines and gearboxes to a vocational school in Jiangxi province on Dec 9.
China is likely to raise its previously announced gross domestic product value for 2013 by about 3 percent to better reflect the rapid development of the tertiary sector in the country, the nation's top statistician said on Tuesday.
Outbound direct investment by Chinese enterprises could exceed inbound foreign direct investment for the first time this year as companies diversified their activity around the world from infrastructure projects to technology and brands, a government spokesman said.
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Raymond Zhou
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Chen Weihua
