Posts tagged ‘Greater China’

23/05/2014

Terrorist attack kills dozens in China’s tense Xinjiang region – CNN.com

A series of explosions tore through an open-air market in the capital of the volatile western Chinese region of Xinjiang on Thursday, killing dozens of people and wounding many more, state media reported.

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China‘s Ministry of Public Security said the attack in the heavily policed city of Urumqi was “a serious violent terrorist incident” and vowed to crack down on its perpetrators. President Xi Jinping called for the terrorists behind it to be “severely” punished.

Two SUVs slammed into shoppers gathered at the market in Urumqi at 7:50 a.m. Thursday, and explosives were flung out of the vehicles, China’s official news agency Xinhua said.

The vehicles then exploded, according to Xinhua, which said at least 31 people were killed and more than 90 wounded.

Some of the photos circulating on social media suggested a hellish scene, with bodies strewn on the ground amid burning wreckage. Others showed flames and smoke billowing out of the end of a tree-lined street guarded by police officers.

via Terrorist attack kills dozens in China’s tense Xinjiang region – CNN.com.

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25/02/2014

Property remains top wealth driver in China-Hurun list | Reuters

Real estate remained the most lucrative road to riches in China last year, according to the Hurun Global Rich List, despite Beijing’s repeated efforts to cool red-hot property prices.

A labourer works at a construction site in Beijing, January 20, 2014. REUTERS/Kim Kyung-Hoon

Six of world’s 10 top real estate tycoons are now from China and Hong Kong, according to Hurun Report Inc, which released its Global Rich list on Tuesday.

Hong Kong property tycoon Li Kai-shing claimed the top spot in the Greater China area with his fortune rising 3 percent to 200 billion yuan ($32.80 billion).

Wang Jianlin, chairman of China’s largest commercial property developer, Dalian Wanda Group, and Lui Che-Woo, founder of casino operator, Galaxy Entertainment Group Ltd (0027.HK), were the runners-up with personal wealth of 150 billion yuan ($24.60 billion) each.

Wang’s fortune doubled last year, while Lui’s wealth jumped 108 percent, the report said.

Wang bought UK luxury yacht maker Sunseeker for $1.6 billion and is planning billion-dollar luxury hotel developments in London and New York.

Home prices in many Chinese cities continued to set records last year despite a four-year government campaign to cool the housing market, official data showed.

via Property remains top wealth driver in China-Hurun list | Reuters.

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