Shanghai introduces lottery system to cool property market

SHANGHAI Shanghai's housing regulator will introduce a lottery system to govern new home sales as part of its efforts to curb speculation and cool the market, the official Xinhua news agency reported late on Thursday. Xinhua cited a notice released by ... ( read original story ...)

Boeing's China Rival Mounts Challenge Using U.S. Technology

Out of more than 1,000 flights scheduled to take off or land at Shanghai’s vast Pudong International Airport on Friday, one marks the beginning of a new era in the aviation business. China is making its boldest attempt yet to break the stranglehold that ... ( read original story ...)