On August 13, 2011, Qatar Airways flight QR888 inbound to Shanghai Pudong International Airport from Doha, Qatar was diverted to Shanghai’s Hongqiao Airport due to thunderstorms. At the time there were approximately 20 aircrafts circling Shanghai Pudong Airport waiting to land. Qatar Airways flight QR888 reported to Hongqiao Airport that it was low on fuel […]
On June 30, 2011, China’s high-speed rail Beijing-Shanghai line started at 3:00pm. The total length of the line is 1,318 kilometers (819 miles). It took the first train 4 hours 48 minutes to arrive at its destination.
China’s Railroad […]
Each year June 7, 8, and 9 are the most important dates for a Chinese high school senior student and his family. During these three days hundreds of thousands of high school graduating seniors in China enter the “college entrance exams” at the same time all through the nation. They take standardized exams in subjects […]
On May 26, 2011, China’s Development and Reform Commission announced that plastic bag usage in the country’s retail places has dropped by 24 billion after 3 years of implementation of the “plastic bag restriction order”. These 24 billion plastic bags reduction results in saving approximately 60,000 tons of plastics, which is equivalent to saving 3.6 […]
Many rich Chinese are business-owners who make millions a year. They have several methods to evade taxes. First, from the business level:
1. “Forget” to book certain revenues.
In most cases, these private businesses have two sets of books, one to show the Tax Authority, the other – the true book – is hided in […]
At the end of March 2011, China’s foreign exchange reserve has surpassed $3 trillion. This occurs within 1 year of China’s foreign exchange reserve exceeding $2 trillion for the first time.
China’s Central Bank – the People’s Bank president Zhou, Xiaochuan indicates that China’s foreign exchange reserve has passed the level of what the country […]
During the first quarter of 2011, 16 provinces among the 22 Chinese provinces published their preliminary GDP quarterly growth. However, it appears only 2 provinces achieved a slight increase in GDP growth rate comparing to the 1st quarter of 2010, all the remaining 14 provinces experienced lower growth rate in comparison with same period last […]