Archive for February, 2011
Trial of Beijng-Shanghai train begins
BEIJING, Feb. 21 (Xinhuanet) — The Shanghai section of the Beijing-Shanghai high-speed railway began a joint trial on Sunday. The project includes testing the new-generation bullet trains and its power system. The Shanghai section of the route covers 645 kilometers and connects Zaozhuangxi in Shandong province to Hongqiao in Shanghai. The track linking Zaozhuangxi and [...]
New Home Transactions Fall 39% In Shanghai
February 21 — Shanghai recorded a 39 percent year-on-year decline in the transaction area of commercial properties to 20.56 million square meters in 2010, reports yicai.com, citing the Shanghai Bureau of Statistics. The average transaction price of new commercial residential properties in 2010 was 14,213 yuan per square meter. A total of 11.67 million square [...]
Food Costs Elevate Chinese Inflation
BEIJING (AP) — A double-digit jump in food prices pushed China’s inflation higher in January, adding to pressure on Beijing to cool living costs with more interest rate hikes and other measures. Consumer prices rose 4.9 percent, driven by a 10.3 percent jump in food costs, data showed Tuesday. That was up from December’s 4.6 [...]
