On 28 January last year, Chongqing launched a long-await trial property tax to cool the red-hot housing market and curb the skyrocketing housing prices. One year after the implementation of the trial tax, the effect is obvious.
Leftovers can be easily transformed into fertilizer, animal feed and energy. Some companies are working on technologies to generate electricity with rubbish. Others plan to turn food scraps into fertilizer or animal feed.
Chinese investors are showing an increasingly high level of interest in the Australian property market. Chinese developers were responsible for 9 percent of the 30 percent share foreign developers took in the Australia apartment market last year.
Shanghai's development from a manufacturing base into a services center is a natural move for the cosmopolitan city, which has always harbored ambitions to rival New York and London as a global financial hub.