A Hong Kong property developer has sold a duplex apartment for a world record price, less than three months after the territory technically emerged from recession. Henderson Land, controlled by tycoon Lee Shau-kee, said it had sold the property on Hong Kong island for HK$71,280 (US$9,200) per square foot, or HK$439 million, to a buyer from mainland China
Tag Archives: china
Dutch tourists die in China balloon crash
A search party of hundreds hunted for a hot-air balloon that had been reported catching fire and crashing in southern China, arriving in time to save only three of the seven people aboard.
It’s tricky for wikis and online encyclopedias in China
When Jimmy Wales visited the headquarters of Hudong.com last month, he had one question for its founder: is it possible for Wikipedia to be the number one online encyclopedia in China?
China, Russia agree multi-billion dollar trade deals
Russia’s Prime Minister Vladimir Putin held talks with Chinese counterpart Wen Jiabao in Beijing Tuesday, as the two countries agreed bilateral economic and trade deals worth $4 billion, Chinese state Media reported.
French military fends off Somalia pirate attack
The French military fended off a pirate attack on two fishing boats, hundreds of miles off the coast of east Africa, a French Defense Ministry spokesman said Tuesday. Wen hosted a welcome ceremony for Putin at the Great Hall of the People at the start of a three-day visit, before their private talks and a larger session involving ministers from both sides, Xinhua said.
Why Investors Should Bet Against the Dollar
Three days after the Reserve Bank of Australia unexpectedly raised interest rates, the monetary policy committee of South Korea’s central bank held a meeting. The Oct
Mine accident kills 26 in China
Twenty-six people were killed in a mine accident in central China’s Hunan Province, state-run China Daily reported.
Chinese imperial throne breaks record
An imperial “dragon” throne owned by a Chinese emperor set the world auction record for Chinese furniture Thursday, selling for about US $11 million. There was frenzied bidding among mainland, Hong Kong and Taiwan collectors at the Sotheby’s auction in Hong Kong
‘Sea turtles’ powering China’s Internet growth
“China is not on the Internet, it’s basically an intranet. Everything is banned by the Great Firewall,” says Sherman So, co-author of “Red Wired: China’s Internet Revolution.” With 338 million Internet users in June 2009, according to the China Internet Network Information Center (CNNIC), China is no longer a niche market of the online industry.
A Brief History of Military Parades
If last year’s Olympics were China’s flashy coming-out party, the massive military parade commemorating 60 years of communist rule on Oct. 1 marks a more serious side to the People’s Republic’s rise