Results tagged “shanghaiworldfinancialcenter”

Shanghai is the world's 4th tallest city

Shanghai made it to 4th place in Forbes' list of the world's tallest cities with a total of 21 towers climbing over 700 feet. The current tallest is the Shanghai World Financial Center, at 1,614 feet, but it'll be surpassed by the Shanghai Tower, which is expected to be completed in 2014 and reach heights of 2,000 feet. It was beat out by Dubai, Hong Kong and, at number one, New York City.

The sky was a rare blue yesterday, so we decided it was high time to check out the views from the top of Shanghai World Financial Center (SWFC). The observation deck has been getting consistently good reviews even priced at 150 RMB (to get to the 100th floor) and with the added convenience of getting to queue for hours. So we've been avoiding the place for a few months waiting for the hype and novelty to die down a little.

  • 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.

Some of you have been asking on our Facebook page (remember to sign up as a Fan!) if there will be an update of the Shanghaiist logo once the WFC — you know, the building that had to be redesigned because it reminded people too much of the Japanese flag, took forever to be built because of a property glut, was almost burnt down, and recently suffered a security breach — is up and running.

Fire broke out today at the US$910 million 101-storey tall Shanghai World Financial Center in an elevator shaft on the 40th floor at about 4pm today. Eight fire trucks were dispatched to douse the fire, and it was eventually extinguished by 5.42 pm. There were no reports of injuries or deaths.

  • New York Yankees sign on first Chinese players.
    The New York Yankees announced today that they have signed left-handed pitcher Kai Liu and catcher Zhenwang Zhang to minor league contracts, becoming the first Major League team to sign a player from the People's Republic of China with approval from the country's baseball association.


  • China's banking regulator fined six banks for making loans that were illegally invested in shares, the first sanctions announced after a yearlong investigation aimed at cooling speculation and curbing financial risks.



  • China’s double-digit economic growth remains sustainable with the rapid expansion expected to continue over the next few years, state media reported, citing a senior government advisor.



  • China Mobile , the world's largest mobile phone operator, plans to raise more than $6 billion in a stock offer in Shanghai as early as next month that would be China's largest ever.



  • Microsoft Chairman Bill Gates announced during his visit to China last month that his company would further expand its research and development institutes in Beijing and Shanghai.



  • Shanghai is set to overtake Singapore as the world's busiest port in 2008 as the Chinese economy continues with its stellar growth, an executive of the city-state's port operator said in remarks published Monday.



  • Workers at Shanghai Science and Technology Museum today opened 59 cases containing more than 20 scarce dinosaur fossils from Zigong City, Sichuan Province, which will be exhibited at the museum for free from July 10 through August 31.



  • The unfinished Shanghai World Financial Center eclipsed Jinmao Tower to become the tallest building on the Chinese mainland as it scraped the sky at 423.8 meters yesterday, exceeding Jinmao's 420.5 meters.



  • China will begin to feel the pain of labor shortages nationwide in the next couple of years - much earlier than previously forecast - as the country's seemingly ample supply of rural migrant workers dries up, say latest studies by state think-tanks.



  • The Chinese authorities have acknowledged the 'removal' of a giant gold and copper plated statue of Guru Rinpoche (Padmasambhava) donated by Chinese Buddhists to Samye monastery in Tibet and demolished by Chinese People's Armed Police in mid-May.



  • Tong Xiaofeng, a Chinese professor at Khartoum University, says most of the Sudanese students in his class are motivated by money.



  • Many people in Taiwan are disappointed with the behaviour of the Chinese government, according to a poll by Taiwan Thinktank. 85 per cent of respondents think China’s efforts to exclude Taiwan from world bodies will affect two-way relations.



  • Alibaba.com, China's biggest e-commerce company, will raise up to US$1 billion in a Hong Kong initial public offering this year, spurning the U.S. markets, the South China Morning Post reported on Monday.



  • According to Xinhua, the Chinese state news agency, Chow Yun-fat's role in the latest Pirates of the Caribbean movie was censored for "for vilifying and defacing the Chinese and insulting Singapore."



  • Dozens of employees from Chinese beverage giant Wahaha descended upon a five-star hotel and office complex in one of the city’s richest districts last week to shout their wrath at Groupe Danone of France for its attempted takeover activities.



  • Dozens of Wahaha employees took to the street yesterday shouting "Oppose Danone" and "Boycott Danone" to protest the alleged takeover bid by Groupe Danone SA of its Chinese partner Wahaha.


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    Photo by yunny.

    "A local education official who organised the song and dance performance, Kuang Li, locked herself in the toilet, keeping out children who suffocated, according to Chen's blog. Kuang was jailed for four years."

    On the website, there's information about the hotel, world's highest observatory, shopping and business areas that will comprise the center. As for the name, we found this explanation:

    One of the landmark structures, Jinmao Tower, has been erected, and another, the Shanghai World Financial Tower, is being built. ...

    A couple good Shanghai blogs have noticed recently that the under-construction World Financial Center in Pudong is gaining rapidly on its older (and soon to be shorter) cousin, Jinmao Tower.

    Photo by CAI Yan taken from the Shanghaiist photos page. To see your photos on our photos page, use Flickr and tag your photos "shanghaiist". Or you can email your photos to photos@shanghaiist.com and they will automatically appear on our site.

    Shanghaiist liked this little article from Business Week which focuses on the innovative architectural landscaping that is going to make certain places look less shitty remake China from the ground up. Yessirree, we've got the National Swimming Center in Beijing, the new Beijing International Airport, the Shanghai World Financial Center (which looks like a huge sewing pin or snazzy bottle opener for giants), Shanghai's planned Donghai bridge that will connect us with the outlying islands, and the Dongtan eco-city on Chongming Island (the first phase to be completed in 2010, the whole thing by 2040 ... which means just in time for Shanghaiist to retire in what we hope will become an eco-Brooklyn on the Yangtze). There's also some less monumental but also interesting concepts, like "The Commune", eleven avant-garde villas by the Great Wall which we think is being run as a hotel, and what to us is the best of the lot -- the "Linked Hybrid", a residential complex which will house 2,500 people in 700 geothermally heated and cooled apartments that will be connected at a certain floor with a ring of cafes. Though we had problems opening up some related web pages, we think it will also include a movie theater, a kindergarten, and parking for all those extra Bentleys.

    Last month, the developers and designers of the nearly-a-decade-in-the-making Shanghai World Financial Center (WFC) skyscraper in Pudong caved in to pressure from China's Japan haters and announced they had made alterations to the planned appearance of the building, which will be one of the world's tallest if it ever gets completed. Most notable among the changes -- the large circular hole that was to cut through the building's top floors was replaced by a large trapezoidal hole (uh oh, murderous cult alert). Some had complained that the circle design looked too much like the "rising sun" image from Japan's flag, especially considering the WFC's developer, Mori Building, hails from Tokyo. (Of course, the building's designers Kohn Pederson Fox -- three decidedly un-Japanese names -- don't have offices in Tokyo, opting instead for three other powder kegs of anti-China sentiment: New York, London and, er, Shanghai.)

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