108 Giant Chinese Infrastructure Projects That Are Reshaping The World – China Business

Unlike attention-seeking politicians elsewhere, senior Communist cadres in China like to keep their ambitions hidden. If anything, they signal grey conservatism, stressing how little they wish to change things. But as the country awaits a change of its leadership late next year, some high officials are up for a bit of self-promotion.

Logo'd t-shirt wearing staff, pretentiously spartan layout and Apple gear everywhere -- you would think that Apple had rushed its plans to open Apple stores in 2nd tier cities. But alas, no, they're fake.

China’s rise to economic prominence over the past 30 years has rested in large part to its rapid urbanization. Prior to ‘reform and opening up’ that started in earnest during the 1970s, cities in China were viewed as pariahs by the party leadership. Millions of young urban dwellers were forced into the countryside to labor on farming communes during the Cultural Revolution.

A state-owned fund in China is reportedly interested in buying a stake in social network Facebook, said a media report.
A source told US business magazine Business Insider that China's sovereign wealth fund - the China Investment Corp - is hoping it could buy a stake in Facebook, large enough "to matter", the Shanghai Daily reported.