Despite earlier protests, there will be a new maglev line between Shanghai and Hangzhou. This week, the local government announced that the construction of this line will start in 2010, three years later than planned. It is supposed to be finished in 2015, when we will be able to go to Hangzhou in just 30 minutes.
Things are looking dark on the Shanghai stock market: This Monday the Shanghai Composite Index ended down 5.34 percent, at 2, 319.868 points. Over the last seven days, it dropped a whopping 14.95 percent.
Safe sex is on the agenda, this week we read about free condoms in the office district of Jingan, now Shanghai’s university and college campuses will get condom vending machines. According to Shanghai Daily, 85 percent of the students in a recent survey found it most convenient to buy condoms from machines, rather than in stores. We just think it’s a little unfair that the students have to buy their condoms while office workers get them for free.
On August 30, the newly built Shanghai World Financial Center will open its observatory decks, the highest deck is 474 meters above sea level in the 492-meter high skyscraper (it is actually the third-tallest building in the world). Tickets to this deck will cost RMB 150.
Local traditional skills and crafts will be preserved at a new center in Shanghai’s Xuhui District. This week the government of Xuhui District announced that they will allocate RMB 1.5 million over the next three years to this project.