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Wuhan Hot Properties April

It also has a 54,000 square meters plaza, which is connected with the green plaza in Zhongshan Park to form unification presenting the largest plaza in the center of Wuhan. There is a modern shopping mall under the plaza. The convention and exhibition sophisticated equipment and enjoyable environment, which will be a symbolic building of Wuhan. The center is the largest exhibition center in Wuhan and amongst the top exhibition center in China. It is said that at present, Wuhan International Convention and Exhibition Center is the largest one in the city. Totally 200 exhibitions will be held each year in Wuhan.

Wuhan International Convention and Exhibition Center combines various functions such as exhibition, convention, parking lot, information exchange, trade fair, indoor and outdoor squares, shopping center and foreign enterprise service center, etc. It can offer the customers extensive services including business, communication, advertising, decorating, catering, leisure, recreation, travel, parking, transportation, storage and office work and so on so forth. It’s both the center of politics, economy, culture, science and technology, trade, business and information exchange of Wuhan, and the best place for all kinds of domestic and international exhibitions, conventions and activities, and the reception of foreign guests.

Wuhan lies in the middle latitude zone of the north of the Tropic of Cancer. The City has a subtropical monsoon climate with sufficient sunshine, plentiful rainfall and four distinct seasons. The temperature of Wuhan on a average is 16.6 Celsius degrees an annual reaches 1.269 millimeters. Meanwhile, the hours of sunshine in Wuhan reaches an average of 1,928.5 hours per annum.

There are 13 administrative districts and 3 store level development zones in the city, which holds a population of approximately 9,7 million people including a population of 5 million people in the centre urban area.

Located in central China, Wuhan is not only the capital of Hubei Province, other than Being  the capital it also serves as the political, economic, finance, science and technology,  and cultural centre of Hubei Province.

Wuhan is famous for its geographical position it is known as “the gateway to nine provinces”. The city is located within a radius of 1,000km from other major cities in China such as Beijing, shanghai, Guangzhou, Chengdu and Xi’an.  The city’s geographical position gives the advantage to link the east and west, and as a pivot providing easy excess between the north and the south. And off course Wuhan  is capable to provide easy excess to both lakes.

There are three state-level economic and technological development zones in Wuhan. The East Lake Hi-Tech Development Zone focus on optical and electronic communications, bioengineering, material research and laser technologies, while the Wuhan Economic and Technological Development Zone emphasizes on the production of automobiles and spare parts, food and beverages. Similarly, Wujiashan State-Level Industry Development Park puts emphasis on food and beverages; in addition, it also focuses on agricultural products for further processing, and bioengineering. Together, these three Development Zones in Wuhan play a critical role in its development and growth

Over a hundred hills and about 200 lakes are scatters around Wuhan, Wuhan’s water area accounts for a quarter of the city’s land area. The East lake Scenic Area’s lake covers 33 square kilometers, which is the largest “lake within a city” in China. It is one of the famous scenic spots in Wuhan. The area covers a range of 82 square kilometers. Characterized by beautiful landscape and abundant plants, the area boats more than 100 scenic spots, which attracts many tourists every year. Besides this all, it is known as the biggest tourist centre of the ancient Chu culture.  The plum blossom and lotus in East Lake rank top in China. This is also where the China Plum Blossom Research Centre and China Lotus Centre are located.

Wuhan has a long and rich history. According to archaeological studies and records of ancient books, there are trances of civilization of more than 10,000 years old. The unearthed Panlong Town Heritage proved to be to be the place of the Fang State in Shang Dynasty built about 3,500 years ago, and it was the only town in Shang Dynasty discovered in Yangtze River Valley, On October 10 1911, the Xinhai revolution started in Wuhan, which ended the feudal society lasted 5000 years in China.

Wuhan has plenty of attractions such as Yellow Crane Tower, Baotong Zenist Temple, Guiyuan Zenist Temple, Qingchuan Pavilion, East Lake, etc. The Yellow Crane Tower was built in 223 AD. It is renowned for its poetry. Many famous poets such as Li Bai, Bai Juyi and Lu You have written poems there. Wuhan also boasts some museums like Zhongshan Warship Museum and Qingchuan Pavilion.

Wuhan has its own unique food culture. There, Jingzhou Cuisine meets Huangzhou local cuisine. There are many renowned delicacies, such as “steamed blunt snout”, “braised soft-shell turtle”, and typical snacks, like steamed dumplings from “Sijimei”, Doupi from “Laotongcheng”, hot dry noodles from “Cailinji”, and sweet dumplings from “Wufangzai”.

Wuhan plans to construct six new suburban residential districts. The plan is to construct the districts around the central urban area, with the new Wuhan city composing of one urban centre and six satellite districts.

The other five projects are China Health Valley, Ocean Park, East Lake Street, Olympic Street, and Hongshan Jewelry & Stone Street. The 1.2 billion RMB Ocean Park project will be located in the Economic Development Zone, including the 70,000-square meter park and 60,000-square meter hotel. 190 million RMB East Lake Street in the East Lake Scenic Area will be the place for antique dealers, culture and leisure, art, and bars and restaurants.

 In 2010, Wuhan signed five projects, including Mulan Yuyuan and Tangxun Lake Guanyin Island Resort, with a total investment of 13.22 billion RMB. By the end of 2010, there were 26 tourism projects under development in Wuhan.

The move comes as Hubei seeks to explore the shipping potential of the Yangtze to make the port, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country’s longest river.

Although the provincial government gave no exact figure for the full 10-year project, it said the investment between 2011 and 2015 would amount to 176.6 billion yuan.

The investment will help expand annual cargo throughput to 200 million tons and container throughput to 2 million twenty-foot equivalent units (TEUs) in 2015 from the current 100 million tons and 650,000 TEUs, it said.

The annual throughput is expected to increase to 240 million tons and 5 million TEUs in 2020.

They are aiming to have 16 to 18 stores on the Chinese mainland by 2015 in a combination of first-tier and second-tier cities.

After entering China in 1998, Ikea now has eight stores in eight cities across the country. The company grew on average by 15 percent year-on-year in each of the past 12 years.
Although the Chinese market amounts to a small share of their global business right now, they are confident that with their sped-up expansion and China’s robustly growing economy, China will be the Ikea Group’s biggest market in 15 to 25 years.

In the 2010 fiscal year, Ikea’s revenue in China increased by 23 percent year-on-year to 3.7 billion yuan ($555.9 million). Globally, the group’s 315 stores in 38 countries produced 23.1 billion euros ($30.76 billion) in revenue during that period. China is not yet on Ikea’s top 10 markets list.

Ikea started the construction of its second store in Beijing in the city’s southwestern Daxing district, together with a super-size shopping center, a co-investment of the Ikea Group and its sister company the Inter Ikea Centre Group. The shopping center and store, with a total investment of more than 5 billion yuan, is the biggest investment worldwide in a single project for Ikea.

By 2015, Ikea and Inter Ikea will open two more shopping centers, together with Ikea home-furnishing stores in Wuxi, Jiangsu province, and Wuhan, Hubei province.

Ikea started its home-furnishing business in Shanghai and Beijing in rented space. In 2003, it opened its first standard store in the Chinese market in Shanghai, and it stopped renting real estate in 2006. All of their stores now and in the future in China will be located on land they have purchased. .

Ikea has established a business system in China that covers production, sourcing, logistics and retail. That’s the reason for them to reduce the price of products in China, for example, a coffee table from 199 yuan 10 years ago to 39 yuan today – the cheapest in the world.

Wuhan Guide Infrared Co., Ltd is located in China Optic Valley, Wuhan, center of China. With 2 of the “top 10 universities” around us, sufficient talent resource supplied. Founded at the end of 1999, Guide Electric is now a first-class manufacturer of electric control systems and high-and-low voltage power distribution equipment as well as a leading enterprise in the hoister and electric control sector in China.

Guide Infrared is under the procedure of audit to be a public company in Chinese Stock Market in Shenzhen. They have more than 600 well educated employees. In the fields of R&D, produce, sell Infrared Cameras/Thermal Imagers (two alternative names) and its service & solution.

Foreign banks have strengthened their expansion efforts in China, which remains one of the fastest growing economies in the world, as the global economic meltdown is ebbing.

Metrobank has been in business in China since the 1990s, with branches and offices in Shanghai and Beijing. In early 2010 it opened Metropolitan Bank (China) Limited in Nanjing, becoming the first foreign bank to establish its headquarters in the city. The new bank serves as the base for Metrobank’s operations in China. The bank is planning to build 15 more branches in China within three to five years, and our target clients are small and medium-sized businesses.

They have achieved a balance of income and expenditure six months after the opening and they most likely will see a profit at the end of the year. The results are both pleasant and surprising. It shows our direction to serve China’s small and medium-sized enterprises is right and China’s financial market is really huge.
Foreign banks began a new round of expansion in China this year, two years after the outbreak of the global financial crisis triggered by the sub-prime crisis in the United States.

Standard Chartered Bank is preparing to open a branch in Wuhan, central China’s Hubei Province, after having entered Ningbo in eastern China’s Zhejiang Province and Hohhot in northern China’s Inner Mongolia Autonomous Region this year.

The British financial service company is planning to expand at a pace of entering three cities in China every year.

Citibank, a major international bank based in the United States, extended operations into Changsha, capital of central China’s Hunan Province, and Guiyang, capital of southwestern China’s Guizhou Province, in the fourth quarter of this year.

Also, the Bank of East Asia (BEA), a financial service based in Hong Kong, is expanding in China as it builds two branches every year, on average, instead of just one as in the previous years, said Xu Hua, president of the Nanjing branch of the BEA.

From 2008 to 2010, the BEA has set up branches in five cities across China, including Hefei, Tianjin, Shijiazhuang, Suzhou and Urumqi.

Foreign banks were competing to expand in China in 2007, but the pace slowed after the outbreak of the global financial crisis in 2008. However, they are picking up the pace of expansion again as the global economic meltdown is phasing out.

The building, being built with a 30 billion yuan ($4.5 billion) investment, will have more than 3 million square meters of gross floor area after completion in five years, according to Greenland.

According to the developer, Wuhan is a very important city in Central China it’s transiting from a regional center to an international city. It has a huge market potential, and it’s necessary to construct a landmark building in the city.

The developer has properties in 41 cities across the nation. Greenland’s sales exceeded 110 billion yuan in the first 11 months of the year, and its revenue is expected to exceed 120 billion yuan this year, helping it outshine China Vanke Co Ltd.

The new building in Wuhan, about 900 km west of Shanghai, will be higher than the 492-meter World Financial Center in Shanghai, now the tallest tower in China. It will be dwarfed only by the 632-meter Shanghai Tower, scheduled to be completed in 2014, and the Burj Khalifa in Dubai, the worlds tallest at 828 meters

A COMPLIMENTARY NIGHT STAY FROM THE HEART

Celebrate our re-launch. Spend 2 consecutive nights with us in a Horizon Club Room between now and 31 March 2011 and receive one complimentary night with the following benefits: free access to Horizon Club Lounge meeting rooms, free broadband Internet, complimentary daily buffet breakfast for you and your partner, and late check-out till 6 p.m.

Book your stay now by contacting us on slwu@shangri-la.com or (86 27) 8580 6868. To discover more about the renewed Shangri-La Hotel, Wuhan, please go to the following link

http://www.shangri-la.com/wuhan/horizonvalueoffer/

We look forward to welcoming you to the Shangri-La Hotel, Wuhan.

Terms & Conditions:
1. The offer is valid for stays for a minimum two consecutive nights
2. The complimentary night is applicable from now until 31 March 2011. It is non-cumulative and is applicable only once for each stay. Free night will be deducted upon check-out
3. The complimentary night can be claimed as 3rd consecutive night or used during the next stay.
4. All prices are subject to 15% surcharge.
5. Prior reservation is required and the offer is subject to room availability at time of reservation.
6. The offer cannot be combined with other promotion.