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BANKS in Shanghai have seen a sharp increase of customers wanting to transform their money into fixed deposits since October 29, after the country announced a surprise interest rate increase.
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| Nation |
- Aftermath of rate hike
BANKS in Shanghai have seen a sharp increase of customers wanting to transform their money into fixed deposits since October 29, after the country announced a surprise interest rate increase.
- Japan targets local fashion market
JAPANESE fashion, though a latecomer compared with its European and US counterparts, has elbowed its way into the Shanghai market by holding its first fashion fair in the city.
- Business in brief
China's economy
- Growth to shift
SHANGHAI is working out its urban development strategy for the year 2010, which aims to reinforce the city's ability to compete with its overseas counterparts.
- Star-ranked maids
WITH demand increasing for their services, an ayi's average salary has increased 30 per cent over last year, the Shanghai Morning Post reported.
- Cab charges set to increase
TAXI companies in the city are planning to lower the distance of 3 kilometres at an initial charge of 10 yuan (US$1.2) to 2.5 or 2 kilometres after three successive rises in the price of gasoline this year.
- Patent violation investigated
As the owner of the renowned cutter trademark Rubi, Germans Boada, a Spanish company, enjoyed many patent rights on machine cutters around the world. But since last year, several kinds of tile cutters, which were modelled on the surface design of Boada cutters started to appear on the market, especially in Middle Eastern countries.
- Bomb threats cases solved
A TAIWANESE businessman surnamed Lu was arrested recently for phoning in a fake bomb threat to delay a plane as he and his client were stuck in traffic and in danger of missing the flight, the Shanghai Public Security Bureau announced on November 8.
- Death sentence
BIAN Zhong, an accountant with the National Natural Science Foundation of China, was sentenced to death on probation for embezzlement by the Beijing No 1 Intermediate People's Court, Xinhua reported on November 10.
- Ancient palace destroyed
A NEWLY discovered historical site in the Ming Imperial Palace, which was built in the early Ming Dynasty (1368-1644) in Nanjing suffered serious damage due to the negligence of a construction team, Jiefang Daily reported.
- Daylight robbery in Beijing
THREE men armed with a gun and a knife ransacked a shop selling mobile phones on a busy street in Beijing just after noon on November 9.
- Traffic accident kills nine
A TRAFFIC accident killed nine and injured 18 others on November 9 in Xingtai of North China's Hebei Province, Xinhua reported.
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