With Shanghai property prices being so high, some netizens are now debating whether it may be cheaper to emigrate than actually buy a house in China, says CNNGO. By current market averages, buying a 100 square meter apartment in Shanghai would cost 2 million before taxes. The price of jumping ship to Canada is 2.35 million. While, sure, you'd also have to get an apartment there, at least you also won't need to pay a fine for having a second child (240,000RMB according to a QQ article) and you'll get a passport that can go more places without a visa. Hmmmm, wouldn't it be interesting if the amount of people who actually did emigrate because of high property prices outpace the amount of Hai Gui (Sea Turtles) coming back? more ›

• Shanghai is the most popular destination for Chinese students returning from abroad. According to the Shanghai Municipal Bureau of Human Resources and Social Security, 75,000 returnees have chosen to be in Shanghai, and the city also boasts about 4,000 enterprises founded by returnees.
• According to latest statistics released by the municipal government, Shanghai received a whopping 1.57 million tourists in the first three days of the Chinese New Year.
• Japan's NTT Communications will launch a data centre in Shanghai together with China Telecom to provide international wide-area ethernet service.