Shanghai Live

Monday, May 21, 2012 - 17:41 : Forestpartner Team

Premier Wen Jiabao called for more priority to be given to ensure "relatively fast" economic growth, after unusually weak industrial activity in April prompted alarm about the world's second-largest economy.

During a weekend trip to Wuhan in central China's Hubei Province, Wen promised to boost domestic consumption and strengthen and improve macro control efforts.

"We should continue to implement a proactive fiscal policy and a prudent monetary policy, while giving more priority to maintaining growth," Wen said. He gave no details of possible new initiatives.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

The students in blue from Fudan University and their Shanghai Jiao Tong University counterparts in yellow battle it out on the river at the Shanghai Oriental Green Land yesterday. The academic rivals squared off in dragon boat races as part of a drive to promote sports among Chinese youth. Fudan won the men's race, Jiao Tong the women's. In the mixed race, Jiao Tong won by one second. The Ministry of Education's "Epic Rivalry" contest is due to take place in other cities.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

THE door controller of a sightseeing lift in a downtown restaurant malfunctioned Saturday night, trapping 10 passengers for 45 minutes. Some experienced discomfort such as chest congestion and shortness of breath, as the ventilation equipment in the lift car did not work in Laofengge Restaurant on Beijing Road E. Rescue workers freed the passengers.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

THE greasy dirt spotted along the south bank of Shanghai's Changxing Island after the sinking of a fuel ship was expected to be cleaned up by last night, while the city's major reservoirs in the Yangtze River likely will remain closed for three days, authorities said yesterday.

The Shanghai Maritime Administration said it had dispatched 19 ships to the scene to clean the dirt since Saturday, and large pieces of greasy dirt had been removed by yesterday. More than 2,330 meters of oil fence and tons of oil-absorption felt were set out to control the pollution, officials said.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

BETTER training, use and retaining of professionals are crucial to the successful transformation of Shanghai's economy, Party Secretary Yu Zhengsheng said during a group discussion yesterday at the 10th Shanghai Municipal Congress of the Communist Party of China.

Delegates to the congress also voted for representatives to the 18th CPC National Congress, which will convene in the second half of the year in Beijing.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

POLICE are looking for the parents of a toddler left on his own in a stroller on Xiangde Road last Friday.

The boy, about 80 centimeters tall, was found in a flower bed on 450 Xiangde Road in Hongkou District, with a bag of clothes, a pot of milk powder and a feeding bottle in the stroller.

Police said the boy was likely abandoned, as they waited half an hour at the flower bed but no one came to look for him. The boy is receiving care and treatment at the Shanghai TCM-Integrated Hospital, police said.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

CHINESE property group Wanda said today it had agreed to buy US cinema chain AMC Entertainment in a US$2.6 billion deal that would create the world's largest cinema owner.

Wanda, which owns movie theatres, luxury hotels and shops across China, said the deal would make it a "truly global" cinema proprietor.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

GLOBAL views of China's influence have improved this year with the country's fast development expected to bolster the world's economy.

Positive perceptions of China increased to 50 percent from 46 percent last year, allowing it to overtake both the European Union and the United States in worldwide popularity, according to the 2012 Country Ratings Poll which interviewed more than 24,000 citizens in 22 countries.

The escalating sovereign debt crisis lowered the positive views of the European Union from 56 percent last year to 48 percent.

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Monday, May 21, 2012 - 17:41 : Forestpartner Team

WORLD leaders backed keeping Greece in the eurozone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.

The G8 summit came down solidly in favor of a push to balance European austerity - an approach long driven by German Chancellor Angela Merkel - with a new dose of US-style stimulus seen as vital to healing ailing eurozone economies.


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Monday, May 21, 2012 - 17:41 : Forestpartner Team

CHINA'S largest private shipbuilder, Rongsheng Heavy Industries Group Holdings, delivered its third very large ore carrier yesterday to Brazilian iron ore exporter Vale SA, but Chinese shipowners have criticized that these VLOCs may threaten their interests.

The Vale Dalian, a 380,000 deadweight-ton ship, is part of 12 VLOCs ordered by Vale from Rongsheng under a US$1.6 billion contract signed in 2008 as the Brazilian mining giant seeks to cut transport costs of exporting iron ore to China and other Asian markets. Vale hopes to own and charter 35 VLOCs by the end of 2013.

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