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Height of luxury for the jet set

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A PRIVATE jet worth 200 million yuan (US$31 million) touched down in Shanghai yesterday.

The Cessna C56X (above) will be one of the stars at the Shanghai International Business Aviation Show which starts on Wednesday.

The two-engine civilian jet, which can climb at 1,828 meters per minute, flew to Shanghai from Sapporo, Japan. It is one of around 30 aircraft to be showcased at the event.

The three-day show at Hongqiao International Airport covers an exhibition area of 44,000 square meters.

More than 100 local and international exhibitors are taking part and the event is open to the public.

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Anger as old trees illegally cut in two

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CITY greenery officials carried out emergency rescue work over the weekend in a bid to save old trees illegally cut in two for blocking out sunlight at a complex.

Workers applied sealant to the 27 trees at Caobao Road to prevent further deterioration, but were unsure whether they would survive, said Liu Haiyan, an official with Xuhui District Greenery Bureau.

According to Liu, greenery officials would work with the city urban management team to investigate the Xufang Property Management Company at the complex.

It is claimed that Xufang organized the work on the dawn redwood and camphor trees, which are more than 50 years old, without permission.

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Shutdown looms as US talks falter

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WITH time running short, Democratic and Republican leaders in the United States Congress said yesterday they were pessimistic about budget talks and blamed each other for the looming threat of a government shutdown.

Disputes over abortion and environmental issues posed late hurdles to a final deal on billions of dollars in spending cuts that would keep the government operating beyond today's midnight deadline.

Republicans in the House of Representatives planned an afternoon vote on a stop-gap measure to push the deadline back a week, although Senate Democratic leader Harry Reid called it a "non-starter."

Congressional negotiators worked through the night to find a compromise that can keep more than 800,000 government workers in their jobs, but Republican House Speaker John Boehner said "we were closer to a number last night than we are this morning."

Reid blamed the impasse on a dispute over Republican policy involving abortion and the environment. He said fiscal conservatives aligned with the Tea Party movement were driving the process.

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Artist is held over 'economic crimes'

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CHINA confirmed yesterday that it has detained a renowned artist who had been missing for four days but insisted his case involves "economic crimes" and not human rights.

Ai Weiwei, an internationally famed avant-garde artist, was last seen early Sunday in police custody after he was barred from boarding a flight to Hong Kong at a Beijing airport.

Foreign Ministry spokesman Hong Lei told a regular news conference yesterday that police were investigating Ai for unspecified economic crimes.

"It has nothing to do with human rights or freedom of expression," Hong said.

"Ai Weiwei is suspected of economic crimes, and the public security authorities are conducting an investigation. China is a country under the rule of law, and relevant authorities will work according to the law," he said.

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中国的路易斯拐点出现了

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大陸過去以低廉而密集的勞工吸引跨國企業前去設廠,也因此「Made in China」的廉價商品在世界各地隨處可見。然而,曾幾何時這個廉價的世界工廠,已經出現自己的「新價格」,開始要讓全世界開始感受到它的通膨壓力。

香港物流和消費品出口商利豐(Li & Fung)上週發布2010年財報的同時,集團主席馮國倫和旗下貿易事業總裁Bruce Rockowitz都語重心長地表示,廉價的大陸商品時代即將走入歷史,Rockowitz斬釘截鐵地說,全球製造業漲價已經成為定局。

馮國倫說,由於勞動市場用人競爭加劇,今年(2011年)大陸工資已經大漲20%,這對世界經濟而言,意味著大陸過去所主導的廉價(通縮)時代已經結束。

利豐的一分報告內容則指出,拜大陸之賜,過去30年全球供應成本基本上一直處於相當低的水準,2009年起大陸工資政策調整,以及隨之而來的出口價格大幅上漲,儼然宣告低成本時代已經劃下句點。

Last Updated on Wednesday, 30 March 2011 13:49 Read more...

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