Qingdao, famed for hi-tech, has more in pipeline

As a national pilot city for technological innovation, Qingdao has laid plans to boost both its own and the country's development through creation of more innovation, said Mayor Xia Geng in a recent interview.

Busy port powering Rizhao growth

Rizhao, a coastal city in Shandong province, could become a window to the West as a city linked by rail across the breadth of the Eurasian landmass, but its port is the engine powering its growth

Dongying says wetlands crucial

Dongying, located in the center of the Yellow River Delta, is expected to develop into a modern eco-city by keeping a healthy wetlands system while continuing to promote economic development.

Top bullion producer has plans for other golden opportunities

Already the national leader in gold bullion production, Yantai plans to further expand its range of manufacturing industries through an emphasis on science and technology.

Business Roundup

Financial stocks drag down key index

Sharp falls in banking and financial stocks dragged down yesterday's lead indicator by more than 2 percent.

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Business Roundup

Stocks surge on talk of stamp tax cut

The Shanghai stock market jumped 2.06 percent yesterday, as investor expectation of a stamp tax cut intensified.

Hotel chief exec sees more room for growth

InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, recently opened a new outlet in Chengdu, capital of Sichuan province. Two years ago, the hotel giant signed a landmark deal with Chengdu Travel and Exhibition Group to manage six hotels in Chengdu and Jiuzhaigou in the southwestern province, as it quickens its pace to penetrate China's hinterland. It plans to have 125 hotels in China by the end of the year. Andy Cosslett, chief executive of IHG, talked to Wang Zhenghua in Chengdu to share the company's strategy and the secret of IHG's success in China.

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Commodities play fuels HK stock rally

Hong Kong stocks rose yesterday for a third straight day as a commodities rally fuelled resource plays, and refiner Sinopec Corp leapt on talk it may receive government subsidies as oil prices test records.