YANTAI: When Zhang Bishi, an overseas Chinese living in Malaysia, founded Changyu in 1892, it was not likely that even he dreamed that 116 years later Changyu Wine Group Co Ltd would be a producer of international wines.
The Shanghai stock market rebounded in heavy trade yesterday, led by a nearly 8 percent jump in Ping An Insurance after shareholders approved its controversial plan for an equity issue that could raise some $17 billion.
The long-awaited second board market is likely to be launched within two months - and for capital-hungry start-ups and high-growth firms, it can't come sooner.
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.
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, 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.
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.
Sharp falls in banking and financial stocks dragged down yesterday's lead indicator by more than 2 percent.
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