Pudong's image problem
Article Abstract:
The newly developed commercial district of Pudong New Area has been slow to welcome corporate relocations due to its former image of 'remoteness from Shanghai.' Pudong is considered backward compared to Shanghai, both in terms of economic and social conditions. While China pushed for Pudong's development as an alternative financial center, and foreign investments in construction poured into the area, consumers and businesses retained the old image of Pudong. Resident businesses and government officials are optimistic of Pudong's resurgence, with the help of government preferential policies and the more than $3 billion infrastructure development projects for the district.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Tokyo's waterfront becomes a contender
Article Abstract:
The Tokyo Teleport Town is a residential and commercial development on reclaimed land in Tokyo Bay, Japan. The principal advantage of the development lies in the spaciousness of its environs and the magnificent views of the bay and surrounding countryside that can be seen in most of the buildings in the area. The development contains various recreational and learning institutions that co-exist with various commercial concerns. The project is complete with transportation amenities, and the planned airport and deep-water port is under development.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Housing China's citizens
Article Abstract:
China's central government is waging efforts to provide low-cost residential units to low-and middle-income families. It has also urged land developers to generate more foreign investments on lost-cost housing and has imposed restrictions on the construction of office buildings in order to prevent oversupply. Meanwhile, analysts claim that China's real estate market is on its way to full recovery as investments rose by as much as 35% and sales increased by 40%.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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