Economy in Shanghai--China Economic Net

Economy in Shanghai

Western luxury labels shift focus to Shanghai2013-12-18
Several Western luxury fashion labels are shifting their focus from Hong Kong to Shanghai given the growing consumption power for luxury goods in the Chinese mainland, reports the China Business News.

Tallest tower will yield Shanghai glut: Real estate2013-12-17
When completed in 2015, the Shanghai Tower will be China's tallest building. The 632-meter (2,074-feet) skyscraper will also deepen a glut of offices in the city, putting pressure on rents.

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Private economy is enhancing China's market vitality

Despite mounting challenges from domestic and external pressures, the Chinese economy has demonstrated resilience, bolstered by a series of targeted and incremental policy measures implemented in the latter half of the year.