Shanghai home to 90 billionaires and 370,000 millionaires
The Hurun Report’s recently released 2nd annual Shanghai Wealth Report has a few eye-popping statistics:
- Pudong is the richest postcode in Shanghai, followed by Changning District, which is also the richest postcode in Puxi.
- Shanghai today has 370,000 dollar millionaires, 140, 000 individuals with RMB 10m up 6.1% and 8,200 individuals with RMB 100m, up 5.1%.
You can see more statistics at Shanghaiist.
2 days ago
Shanghai has sunk 6 ft since 1921
(Photo by Jakob Montrasio.)
Kate Springer of TIME’s Ecocentric blog, has some eye-popping numbers in her latest post on land subsidence, which she says is affecting more than 50 cities in China. Across the country, 49,000 sq. mi. of land have dropped at least 8 in, and Shanghai is, unsurprisingly, leading China’s rapid descent into the ground, and has sunk more than 6 ft. since 1921. (Shanghaiist)
1 week ago
Ground broken on Shanghai's amazing underground hotel
A few years ago, British engineering firm Atkins won the rights to design an extravagant hotel deep within a 100-metre pit in Shanghai’s Songjiang District near the base of Tianmashan Mountain.
Construction on the Intercontinental Shimao Shanghai Wonderland finally commenced last month, and the hotel is scheduled to open in late 2014 to early 2015. (Shanghaiist)
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2 months ago
Night lights
Photo by Jeff Davis (via Shanghaiist)
2 months ago
China's aging population poses problems for economy and tradition
We’ve all heard the expression “the old gives way to the new,” but in China, quite the opposite is taking place with a fast-dwindling number of young people and an elderly population that continues to rise. Experts cite increased life expectancy and low birth rates as principal factors in the phenomenon. (Shanghaiist)
2 months ago
China 1947: Shanghai, city of contrasts (via Shanghaiist)
2 months ago
Shanghai metro "bullet train" slated for 2014
Shanghai metro authorities have almost finished installing the fastest train in the city’s history along the newly-constructed line 16 subway route - a 59-kilometer-track connecting Lingang New City to Longyang Road. According to subway officials, the 46 new ‘bullet’ trains will undergo a trial run sometime this year. By 2014, line 16 will open to the public. (Shanghaiist)
3 months ago
Shanghai wants another 50 regional headquarters in 2012
(Photo by Esther Young)
Shanghai, already the preferred regional headquarters hub for multinationals in China, wants another 50 MNCs to locate their Asian headquarters in the city. The target, unveiled by the Shanghai Commerce Commission, will see the total number of regional headquarters exceed 400 by the end of the year. (Shanghaiist)
3 months ago
Shanghai to begin PM2.5 pollution monitoring
Shanghai will finally install PM2.5 air-quality monitoring equipment after more than two months since it pledged to do so.
With the system’s launch, the city will join a league of regions spanning Shanghai, Beijing, Tianjin, Yangtze River Delta, Zhujiang River Delta and elsewhere preparing to employ the PM2.5 monitor this year. Next year, the standard will encompass 113 new cities and by 2016, all of China will be covered. (Shanghaiist)
4 months ago
A German Ghost Town in the Heart of China
Half-timbered buildings and medieval romance — that’s what the Chinese wanted. But the architecture firm Speer thought it knew better, and built a modern German residential quarter on the outskirts of Shanghai. Now that it is complete, though, nobody wants to live there. Even Oktoberfest was cancelled. (Der Spiegel via Shanghaiist)
7 months ago
