Tears and cheers greet planned economic zone near Beijing

Apr 16, 2017

Tears and cheers greet planned economic zone near Beijing

Business owner Hu Weibing weeps at the prospect of losing everything, including his home, after China’s surprise announcement to transform a rural spot outside Beijing into a modern metropolis nearly three times the size of New York City. Hu’s family run-clothing factory in the ...

Ginza's newest shopping complex to open in April

Oct 26, 2016

Ginza's newest shopping complex to open in April

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Tokyo’s Ginza district will see its newest and biggest commercial complex open next April as it seeks to attract more visitors by providing a luxurious and culture-rich experience, developers said Wednesday. With the growth of e-commerce, consumer behavior has been shifting, leaving traditional “shopping ...

Nations agree on global road map to steer breakneck urbanization

Oct 21, 2016

Nations agree on global road map to steer breakneck urbanization

The United Nations formally adopted a global road map to grapple with rapid urbanization on Thursday, capping nearly two years of behind-the-scenes international negotiations aimed at designing development priorities for cities and towns over the long term. The New Urban Agenda, or NUA, sets ...

World Bank and IMF take on opposition to globalization

Oct 7, 2016

World Bank and IMF take on opposition to globalization

Global finance leaders on Thursday publicly confronted the rising unpopularity of trade liberalization, saying world economies need to strive for more inclusive growth. With Republican presidential candidate Donald Trump leading a surge of anti-free trade sentiment in the United States, and Britain voting to ...