There are 960,000 people in possession of ¥10 million of assets or more in China, according to the Ruhun Rich Report. They are aged 39 on average, and the men/women ratio is 7/3. Beijing, Guangdong and Shanghai are home to almost half of the nation's rich population.
China and Brazil have reached an agreement to cooperate in manufacturing aircraft, a well-informed source told Yicai.com.
China's online gaming revenue grew 25% to $5 billion in 2010 and is expected to hit $8 billion by 2014, according to Pearl Research, a US research body on online games.
China plans to extend its rail network to 120,000km from 91,000km over the next five years, said the Ministry of Railway.
Office rents in Shenzhen averaged ¥153/m2/month in Q1 2010, up 6.9% from the end of 2010, according to DTZ.
Consumer confidence index in Shanghai was up 3.8 points quarter on quarter and down 3 points year on year in Q1 2011, according to a survey by Shanghai University of Finance and Economics.
LJ International Inc (NASDAQ: JADE), a Hong Kong-based jewelry designer and retailer, said it plans to open 1,000 stores on the mainland to sell its ENZO colored gems without revealing a timetable.
The City of London, Britain's financial hub, has sealed a deal with Shanghai to cooperate in offshore transactions denominated in the Chinese currency.
China's Xinjiang region is expected to roll out 430 million tons of coal annually by 2015, becoming the nation's third biggest provincial producer, said an official of the local coal industry association. Xinjiang's coal reserves are estimated to be 2.19 trillion tons, or 40% of China's total.
Daimler said its Mercedes-Benz brand sold 43,990 units in China in Q1 2011, up 86% from the same period a year ago.
$1 = ¥6.54