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☆ Time is ripe for another push on carbon pricing
▼ + stars: | 2023-10-24 | by ( Hugo Dixon | ) www.reuters.com time to read: +8 min

Other technologies, such as green hydrogen and carbon capture, are still a long way from maturity. Around 50 countries have some form of carbon price, double the number 10 years ago, and another 23 countries are planning to introduce one. The snag is that China’s carbon price is low and the United States doesn’t have a federal levy. Others argue that governments should combine carbon pricing with financial support for the most vulnerable and targeted subsidies for fledgling technologies. To hit climate targets, the carbon price would need to be $135 a tonne in advanced economies and $45 a tonne in large emerging ones by 2030.

Persons: Jin Mao, Aly, Joe Biden’s, There’s, Rishi Sunak, Michael Jacobs, it’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Financial, REUTERS, Reuters, International Energy Agency, European Union, Global, International Monetary Fund, Reuters Graphics Reuters, British, Pew Research, University of Sheffield, IMF, Africa Climate, United, European, Climate Leadership Council, Thomson Locations: Shanghai, Pudong, China, United States, Paris, Africa, European Union, U.S

☆ Pressure piles on Evergrande with chairman under police watch, liquidation risk
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +1 min

Shanghai's city skyline as seen from observation deck at Shanghai Tower in China. The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it also grapples with mounting prospects of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in southern Guangzhou city, was taken away by police earlier this month and is being monitored at a designated location. Evergrande, the police department in Guangdong province, whose capital is Guangzhou, and the public security ministry did not immediately respond to a Reuters request for comment. Evergrande is the world's most indebted property developer and has been at the center of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's second-largest economy.

Persons: Hui Ka Yan, Hui, Evergrande Organizations: China Evergrande, Bloomberg, Evergrande, Bloomberg News Locations: Shanghai, China, Guangzhou, Guangdong province, China's

☆ Fixing China's property sector could take years — if not a decade, says economist
▼ + stars: | 2023-09-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

watch nowChina's urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. "Fixing the property sector may be a multi-year or even a decade's work in front of us. China's property market has been embattled by faltering consumer confidence, as property giants Evergrande and Country Garden are mired in debt problems. Not having an overbearing Chinese property sector actually is good for the Chinese economy going forward. Hong noted that 18 trillion yuan ($2.46 trillion) worth of Chinese property were sold two years ago.

Persons: Hao Hong, Hong, Hao, Qilai Shen, Keng, China's Organizations: Grow Investment, Hao Hong Grow Investment, Bloomberg, Getty Locations: China, Shanghai's, Shanghai

☆ Asia markets to mostly rise as China vows support for ailing property market
▼ + stars: | 2023-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The view from the observation deck at Shanghai Tower in Shanghai, China, on Sunday, April 9, 2023. Photographer: Qilai Shen/Bloomberg via Getty ImagesAsia-Pacific markets are set to mostly rise on Tuesday after China's Politburo pledged to "adjust and optimize policies in a timely manner" for its ailing property sector. This comes after disappointing economic data last week prompted renewed calls for policy support to bolster growth. Hong Kong's Hang Seng index looks set for a strong rebound after the index lost more than 2% on Monday, dragged mainly by losses in real estate stocks. However, futures for Australia's S&P/ASX 200 point to a lower open, standing at 7,301 compared to it's last close of 7,306.4.

Persons: Qilai Shen Organizations: Bloomberg, Getty Images, China's, Nikkei Locations: Shanghai, China, Getty Images Asia, Pacific, Japan, Chicago, Osaka

☆ China to see the world's biggest millionaire exodus this year, new study shows
▼ + stars: | 2023-06-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Guests are seen in the J Hotel located in the Shanghai Tower, in Shanghai on June 23, 2021. China, with the world's second-largest economy and the second-highest population, will again see the biggest exodus of millionaires this year, according to new research. Data from the firm showed that a net 10,800 high-net-worth individuals migrated out of China in 2022, and another net 13,500 are expected to leave this year. This is not an issue that started with the coronavirus pandemic, and has been going on for the last 10 years. China's economy grew strongly from 2000 to 2017, but wealth and millionaire growth in the country has been negligible since then (when measured in U.S.-dollar terms)."

Persons: Andrew Amoils Organizations: Henley & Partners Locations: Shanghai, China

☆ China's disappointing rebound could bring in more stimulus, economists say
▼ + stars: | 2023-05-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Photographer: Qilai Shen/Bloomberg via Getty Images Qilai Shen | Bloomberg | Getty ImagesChina's much-vaunted economic rebound after its emergence from strict zero-Covid lockdown measures has yet to fully materialize, prompting some economists to speculate that further fiscal stimulus or monetary policy easing could be coming down the pipeline. Data from China's Bureau of Statistics shows that 6 million of the 96 million 16 to 24-year-olds in the urban labor force are currently unemployed. watch nowIn a research note Monday, Capital Economics assessed that, despite losing some momentum, China's economic recovery was still progressing at the start of the second quarter, with scope for further service sector-led improvement. But we do not expect policy rate cut or major fiscal stimulus, barring a precipitous fall in exports in the coming months." Any consensus among economists as to the trajectory of fiscal and monetary policy seems to be unraveling in light of the tenuous recovery.

The view from the observation deck at Shanghai Tower in Shanghai, China, on Sunday, April 9, 2023. Photographer: Qilai Shen/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise ahead of key economic releases from China. Compared to a low base seen in April a year ago, market watchers are largely expecting a rebound in growth. In mainland China, the Shanghai Composite and the Shenzhen Component saw their best days since May 8 and March 20, respectively. South Korea's Kospi and Kosdaq also saw gains on Tuesday, advancing 0.66% and 0.75% respectively, while Australia's S&P/ASX 200 slipped 0.15%.

SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. Asia-Pacific markets traded mixed after Wall Street saw a tech rally as U.S. consumer price index rose less than expected for April. The consumer price index showed a reading of 4.9%, slightly less than the 5% gain anticipated by economists polled by Dow Jones. Investors in Asia will be closely watching the inflation print from China for April as well later Thursday, forecasted to come in at 0.3%, according to a Reuters poll of economists. Futures tied to Hong Kong's Hang Seng index stood at 19,725, lower than the HSI's last close of 19,762.

SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. Asia-Pacific traded mixed on Monday, as Wall Street looks ahead to another major earnings week, including the likes of Charles Schwab, Bank of America and Morgan Stanley. The quarterly earnings reports would shed light into the overall health of the financial sector in the U.S. following the collapse of Silicon Valley Bank and how that would shape the U.S. Federal Reserve's tightening cycle. China's gross domestic product report is slated to be released on Tuesday, with economists polled by Reuters expecting to see a 4% rise year-on-year for the first quarter of 2023, higher than the final quarter of last year. That would mark the biggest rise in nearly a year.

☆ В Шанхае открылся самый высокий в мире отель
▼ + stars: | 2021-06-30 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Самый высокий в мире отель J Hotel Shanghai Tower официально открылся в субботу в Шанхае и начал принимать постояльцев. Лобби новой гостиницы находится на 101-м этаже небоскреба на высоте 474 метров. Строительство небоскреба Shanhai Tower обошлось в 15 млрд юаней ($2,3 млрд) и было завершено в 2015 году. Внутри башни, помимо офисных помещений, также расположены магазины, рестораны, отель и самая высокая в Шанхае и во всем Китае смотровая площадка на 118-м этаже. До открытия Shanhai Tower самая высокая обзорная площадка располагалась на 100-м этаже Шанхайского всемирного финансового центра (474 м), здание которого из-за его архитектуры жители называли "открывашкой".

Organizations: Shanghai, Shanhai, Пэнпай, Шанхайский всемирный финансовый центр Locations: Burj Khalifa, Шанхай, Луцзяцзуй, Хуанпу, Китай

☆ „Luxul din nori”: a fost inaugurat cel mai înalt hotel din lume! Unele camere pot fi închiriate cu prețuri astronomice
▼ + stars: | 2021-06-25 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Profimedia„Luxul din nori”: a fost inaugurat cel mai înalt hotel din lume! Unele camere pot fi închiriate cu prețuri astronomiceCel mai înalt hotel din lume a fost inaugurat în vârful Shanghai Tower, un zgârie-nori care are o înălţime de 632 de metri şi care se află în capitala economică a Chinei. J Hotel aparţine grupului Jin Jiang International Hotels, al cărui acţionar majoritar este statul chinez, transmite Bani.md. Principalele atracții ale hotelului sunt: restaurantul situat la etajul 120, şi piscina, amplasată la etajul 88. Deschiderea oficială a hotelului a fost amânată din cauza pandemiei de coronavirus.

Organizations: Hotelul, J, Jiang International Hotels Locations: Shanghai Tower, Chinei, Dubai, chinez

☆ Va avea 703 metri și 150 de etaje. Cum va arăta și unde se va construi a doua cea mai înaltă clădire din lume (VIDEO)
▼ + stars: | 2021-05-29 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Rusia va construi a doua cea mai înaltă clădire din lume. În prezent, a doua cea mai înaltă clădire din lume este Shanghai Tower, cu 632 de metri. Turnul de la periferia Sankt Petersburgului se va numi Centrul Lahta II și a fost proiectat de biroul de arhitectură Kettle Collective. Viitorul zgârie-nori va fi ridicat pe malul Golfului Finlandei și va găzdui spații de birouri, dar și locuințe și spații de relaxare. Însă chiar dacă va fi ridicat rapid, Centrul Lahta II s-ar putea să nu rămână prea mult a doua cea mai înaltă clădire din lume.

Persons: . Gazprom Organizations: CNN, Gazprom Locations: Rusia, Sankt Petersburg, Europa, Shanghai Tower, Sankt Petersburgului, Collective, Finlandei, Dubai, Arabia Saudită

☆ (foto) Cele mai bizare clădiri din lume, care se construiesc acum
▼ + stars: | 2015-09-16 | by ( Onixmedia Srl | ) diez.md time to read: +4 min

Această clădire a fost planificată în Kuweit, stat situat în Peninsula Arabică. Royal TowerTurnul Regal, care depășește cea mai înaltă clădire din lume, „Burj Khalifa”, se construiește în Arabia Saudită și va fi prima clădire din lume a cărei înălțime se apropie de un kilometru. Aceasta va găzdui condominii de lux, spații pentru birouri, observatorii astronomice, hotel Four Seasons și cea mai înaltă terasă din lume. Shanghai TowerConstrucția Turnului Shangai din China, cu 121 etaje, a început în 1993 și a fost încheiată la începutul anului 2015, iar acum au loc lucrările de finisaj. World OneZgârie-norul cu 117 etaje va deveni cea mai înaltă casă de locuit din lume și, desigur, cea mai înaltă clădire din Mumbai.

Persons: Giorgio Armani, Abdullah, James Bond, Lotte, Veronica Organizations: Royal, Regal, Mall, Agora Garden, Lotte World Tower Locations: Kuweit, Peninsula Arabică, Arabia Saudită, Shanghai, China, rusă, Dubai, Mumbai, Indiei, Seul

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