China's financial hub of Shanghai is on the verge of restricting its population to about 25 million by 2035 as part of an attempt to handle a so-called "big city disease", as the cabinet has told.
On Monday, the State Council informed on its website that the objective to control the size of the city happened to be part of Shanghai's ambitious masterplan for 2017-2035, already approaved by the government body.
The State Council told that by 2035 Shanghai’s population is going to be strictly controlled at approximately 25 million and the overall amount of land made available for construction won’t surpass 3,200 square kilometers.
State media has labeled "big city disease" as a serious threat when a megacity turns plagued with, traffic congestion, environmental pollution as well as a shortage of public services, such as medical care and education.
A great number of China's biggest cities come across soaring house prices, thus driving fears of another property bubble.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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