This model, known as land finance, has been the driving force behind China’s runaway housing prices, and has created serious economic and social problems
2019 marks the 100th anniversary of the Tianjin-based Nankai University.
Since early 2019, China’s capital market has become vibrant again and securities firms have posted much better performances than in 2018. Statistics show that 36 A-share securities firms generated revenues of 182.2 billion yuan (US$25.6b) in the first half, an increase of 45 percent year-on-year.
Alongside the advent of the sharing economy and the prosperity of the recreational and tourism industries, there is growing demand for accommodation.
Data shows that the number of Chinese chambers of commerce reached 70,000 in 2014, up from 1,000 in late 1980s.
In the early 20th century, two French aircraft gave an aerobatic display over Nanyuan Airport in Beijing, the first planes to take off in China.