DOCSLIB.ORG

Annual Report 2017 年報 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2017 年報 Annual Report 2017 Annual Report Tian Shan Development (Holding) Limited 天山發展 控股有限公司 ANNUAL REPORT 2017 年報 Contents Contents Corporate Information 2 Financial Highlights 3 Property Portfolio 4 Chairman Statement 6 Management Discussion and Analysis 7 Directors and Senior Management Biographies 14 Corporate Governance Report 18 Report of the Directors 24 Independent Auditor’s Report 34 Audited Financial Statements Consolidated Statement of Profit or Loss 40 Consolidated Statement of Profit or Loss and Other Comprehensive Income 41 Consolidated Statement of Financial Position 42 Consolidated Statement of Changes in Equity 44 Consolidated Cash Flow Statement 45 Notes to the Financial Statements 47 Particular of Properties 119 Financial Summary 125 Annual Report 2017 1 Corporate Information Corporate Information DIRECTORS HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN CHINA Executive Directors No. 109 Tianshan Avenue Mr. WU Zhen Shan (Chairman) Shijiazhuang Hi-Tech Industry Development Zone Mr. WU Zhen Ling Shijiazhuang, Hebei Province Mr. ZHANG Zhen Hai China Independent Non-Executive Directors PRINCIPAL PLACE OF Mr. TIAN Chong Hou Mr. WANG Ping BUSINESS IN HONG KONG Mr. CHEUNG Ying Kwan Suites 1205-1207, 12th Floor, Everbright Centre COMPANY SECRETARY 108 Gloucester Road Wanchai Mr. CHEUNG Siu Yiu, FCPA, FCCA, FCA Hong Kong AUTHORISED REGISTERED OFFICE IN REPRESENTATIVES CAYMAN ISLANDS Mr. WU Zhen Shan Clifton House, 75 Fort Street Mr. CHEUNG Siu Yiu PO Box 1350, Grand Cayman KY1-1108 AUDIT COMMITTEE Cayman Islands Mr. CHEUNG Ying Kwan (Chairman) AUDITORS Mr. TIAN Chong Hou KPMG Mr. WANG Ping Certified Public Accountants REMUNERATION COMMITTEE PRINCIPAL SHARE REGISTER Mr. WU Zhen Shan AND TRANSFER OFFICE IN Mr. WU Zhen Ling THE CAYMAN ISLANDS Mr. TIAN Chong Hou (Chairman) Mr. WANG Ping Estera Trust (Cayman) Limited Mr. CHEUNG Ying Kwan Clifton House, 75 Fort Street PO Box 1350, Grand Cayman KY1-1108 NOMINATION COMMITTEE Cayman Islands Mr. WU Zhen Shan (Chairman) HONG KONG BRANCH SHARE Mr. WU Zhen Ling REGISTER AND TRANSFER Mr. TIAN Chong Hou Mr. WANG Ping OFFICE Mr. CHEUNG Ying Kwan Tricor Investor Services Limited Level 22, Hopewell Centre COMPANY WEBSITE 183 Queen’s Road East Hong Kong www.tian-shan.com 2 Tian Shan Development (Holding) Limited Financial Highlights Financial Highlights Year ended 31 December 2017 2016 2015 2014 2013 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Turnover 4,982,704 3,816,530 2,333,037 2,416,825 2,762,697 Gross profit 1,169,374 862,224 749,413 891,668 761,916 Profit for the year 103,207 119,432 134,470 281,881 258,784 Basic earnings per share (RMB cents) 10.62 11.87 13.40 28.19 25.88 Delivered gross floor area 556,272 sq.m. 589,056 sq.m. 363,437 sq.m. 437,214 sq.m. 866,199 sq.m. Contracted sales 7,264,300 8,270,400 2,909,700 2,547,300 2,593,900 Contracted sales gross floor area 1,909,897 sq.m. 1,112,720 sq.m. 437,477 sq.m. 457,611 sq.m. 724,337 sq.m. Annual Report 2017 3 Chairman Statement Chairman Statement Reviewing the year 2017, the Group achieved stable growth in operating results, with a substantial increase in turnover as compared with the previous year. The Group formulated a five-year development strategy with cultural tourism as guidance, simultaneous development of multiple industries and residential market for support to achieve overall coordinated development. In the first year of implementation of the strategy, under the development concept of big cultural tourism, health and education, the Group established its business presence surrounding the Beijing-Tianjin-Hebei regions, Yangtze River Delta regions and Yangtze River Delta Economic Zone, and made major breakthroughs in the layout nationwide and gained sound response for new projects. As a result, the “Tian Shan” brand of the Group became better recognized on the market. Tian Shan Science and Technology Park was awarded the Most Influential Brand among industrial parks in China in 2017. The “Gate to the World” project was accredited as the key project of Hebei Province and became one of the top 20 cultural landmarks in the world released by Forbes. Yinchuan Tian Shan Waterpark Project was presented as a special project to greet the 60th anniversary of the establishment of Ningxia Hui Autonomous Region. Ambassador House project, Auspicious Lake Phase II project, and Jinfeng Auspicious Lake project were awarded the National Good Home Demonstration Project. Auspicious Lake Lanan project, as the first passive house project, was granted government award funds. In 2018, the Group will comprehensively promote the “sharing development plan”, carry out the share incentive reform and form a community of interests for the Company and its staff to share the development achievements and simultaneously boost the Company’s profit and staff’s benefits. The Group will continue to implement the development policy of specialized division of labor, resources sharing and common prosperity, focus on second-tier and third-tier cities, Beijing-Tianjin-Hebei regions, Yangtze River Delta regions and Yangtze River Delta Economic Zone and national city cluster and take a suitable opportunity to enter first-tier cities. The Group will overall strengthen its quality control and talent recruitment. Against the backdrop of such favorable situation, the Group will provide more quality products and services for the society by continuously adhering to the interests of shareholders and staff, thus developing into a stronger and better company. Lastly, I would like to express my gratitude on behalf of the Board of Tian Shan Development (Holding) Limited to all the shareholders for their strong support to the Company in the past year, and I hope that the shareholders will support us as always in our development in the future. Tian Shan Development (Holding) Limited WU Zhen Shan Chairman of the Board 6 Tian Shan Development (Holding) Limited Management Discussion and Analysis MANAGEMENT DISCUSSION AND ANALYSIS Management Discussion and Analysis BUSINESS REVIEW AND PROSPECTS Property Development and Investment Tian Shan Development (Holding) Limited (the “Company”, together with its subsidiaries, the “Group”) is one of the leading property developers currently focusing on developing quality residential properties and industrial properties in Bohai Economic Rim. As at 31 December 2017, the Group had numerous property projects under development primarily located in Shijiazhuang, Tianjin, Ningxia and Shandong. The Group’s brand “Tian Shan” is well-recognised by its customers. The Group’s business objective is to provide a comfortable living environment to its customers. During the year under review, the Group recorded a historically high turnover of RMB4,982.7 million and delivered gross floor area of 556,272 sq.m.. The total contracted sales amount was RMB7,264.3 million and contracted sales gross floor area was of 1,909,897 sq.m. for the year under review. During the year, the Group has replenished substantially its land bank by acquiring certain new land parcels in Hebei Province through land biddings from the local land bureaus and acquisition of certain subsidiaries with land reserves which are intended to be developed for sale in two to three years’ time. These new land parcels have in aggregate a total gross floor area of approximately 981,902 sq.m., 1,382,623 sq.m. and 43,201 sq.m as residential, commercial and industrial use, respectively. These new properties projects are in the planning and foundation stage and shall contribute to the Group’s contracted sales in coming years. The Directors are optimistic that the Group will continue its growth by developing and selling property projects developed on these new land banks. Benefited from the continued growth in properties market in the PRC, the Group recorded an overall increase in fair value of RMB3.6 million from investment properties. During the year, the Group had reclassified certain commercial properties of RMB13.0 million in Yuanshi Tian Shan Waterside View as inventories for sale. As mentioned in prior year, the Group acquired a cultural and entertainment use land parcel in Yinchuan of Ningxia Province for building and running a waterpark of a site area of approximately 450,569 sq.m. as ancillary facility to the residential property projects. The Group had invested RMB40.0 million during the year for the planning and foundation work. 8 Tian Shan Development (Holding) Limited Management Discussion and Analysis In March 2014, Tian Shan Real Estate Development Group Limited (“Tian Shan Real Estate”), a wholly-owned subsidiary of the Company, has entered into a co-operation agreement (the “Co-operation Agreement”) with Tangshan Construction Investment Limited (“Tangshan Investment”) and Hebei Infrastructure Property Development Limited (“Hebei Investment”) to develop a commercial and residential property project located in Tangshan city by (i) capital injection of RMB35.0 million (equivalent to 70% equity interest of the enlarged registered capital) to Tangshan Infrastructure Property Development Limited (“Tangshan Real Estate”), and (ii) committed to grant loans in aggregate of approximately RMB821.9 million. The Group has paid RMB200.0 million deposit to Tangshan Real Estate in 2014. Further details of the Co-operation Agreement were set out in the Company’s circular dated 27 June 2014. Notwithstanding the Group’s performance and effort to perform, Tangshan Investment and Hebei Investment failed to perform their respective obligations and arrangements under the Co-operation Agreement. On 26 June 2017, after seeking legal advices, Tian Shan Real Estate and Hebei Yuanzhi Real Estate Development Company Limited, both are indirect wholly-owned subsidiaries of the Company (collectively, the “Plaintiffs”), had jointly initiated legal proceedings at the High People’s Court of Hebei Province in the PRC (the “Court”) against Tangshan Investment, Hebei Investment, and Tangshan Real Estate (collectively, the “Defendants”) seeking for the following orders from the Court: 1.
Load more

Recommended publications
  • China's Iron Rice Bowl Transforms Into Government Checks Grain And
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 4/4/2018 GAIN Report Number: CH 18015 China - Peoples Republic of Grain and Feed Annual China’s Iron Rice Bowl Transforms Into Government Checks Approved By: Michael Ward Prepared By: Gene Kim Report Highlights: China’s agricultural policy-makers manage the dual mandate of ensuring national food security while pursuing poverty alleviation targets, which aim to raise rural incomes through domestic support programs and centrally planned marketing activities. Recent changes to the temporary reserve programs signal that minimum price supports and strategic stockpiles for wheat and rice are expected to continue in the near-term. State officials reason that full silos at home will translate into stable prices abroad. MY2018/19 rough rice production is forecast at 204.3 million tons, down more than 2 percent from MY2017/18, on a sharp decline in harvested area. MY2018/19 corn production is forecast at 223.0 million tons, up 3 percent from MY2017/18 on expanded area. MY2018/19 wheat production is forecast at 129.0 million tons, down slightly from MY2017/18 on a policy-driven decline in harvested area. 1 Executive Summary Spring weather has led to early emergence for winter crops across China. After historically low temperatures and strong winter storms, spring temperatures have jumped to unseasonably high levels and soaking rains have broken a dry spell across North East China. In South China, planting of early- season summer crops is underway.
    [Show full text]
  • Shanghai, China's Capital of Modernity
    SHANGHAI, CHINA’S CAPITAL OF MODERNITY: THE PRODUCTION OF SPACE AND URBAN EXPERIENCE OF WORLD EXPO 2010 by GARY PUI FUNG WONG A thesis submitted to The University of Birmingham for the degree of DOCTOR OF PHILOSOHPY School of Government and Society Department of Political Science and International Studies The University of Birmingham February 2014 University of Birmingham Research Archive e-theses repository This unpublished thesis/dissertation is copyright of the author and/or third parties. The intellectual property rights of the author or third parties in respect of this work are as defined by The Copyright Designs and Patents Act 1988 or as modified by any successor legislation. Any use made of information contained in this thesis/dissertation must be in accordance with that legislation and must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the permission of the copyright holder. ABSTRACT This thesis examines Shanghai’s urbanisation by applying Henri Lefebvre’s theories of the production of space and everyday life. A review of Lefebvre’s theories indicates that each mode of production produces its own space. Capitalism is perpetuated by producing new space and commodifying everyday life. Applying Lefebvre’s regressive-progressive method as a methodological framework, this thesis periodises Shanghai’s history to the ‘semi-feudal, semi-colonial era’, ‘socialist reform era’ and ‘post-socialist reform era’. The Shanghai World Exposition 2010 was chosen as a case study to exemplify how urbanisation shaped urban experience. Empirical data was collected through semi-structured interviews. This thesis argues that Shanghai developed a ‘state-led/-participation mode of production’.
    [Show full text]
  • 4 Environmental Baseline
    E2566 V3 rev Public Disclosure Authorized Hebei Water Conservation Project II Environmental Impact Assessment Report Public Disclosure Authorized Public Disclosure Authorized Research Center for Eco-Environmental Sciences, Chinese Academy of Sciences September 30, 2010 Public Disclosure Authorized TABLE OF CONTENTS 1 GENERALS ........................................................................................................................................1 1.1 BACKGROUND ................................................................................................................................1 1.2 APPLICABLE EA REGULATIONS AND STANDARDS...........................................................................2 1.3 EIA CONTENT, ASSESSMENT KEY ASPECT, AND ENVIRONMENTAL PROTECTION GOAL ..................3 1.4 ASSESSMENT PROCEDURES AND PLANING.......................................................................................4 2 PROJECT DESCRIPTION ...............................................................................................................6 2.1 SITUATIONS.....................................................................................................................................6 2.2 PROJECT COMPONENTS ...................................................................................................................8 2.3 PROJECT ANALYSIS .......................................................................................................................11 2.4 IDENTIFICATION OF ENVIRONMENTAL IMPACT
    [Show full text]
  • Introduction
    Introduction uring the fall of the Ming dynasty (1368–1644), Huang Xiangjian (1609–73) Djourneyed on foot from his native Suzhou to far-distant Yunnan Province to rescue his father, who had been posted there as an official of the collapsing dynasty. Leaving home in early 1652 and returning in mid–1653, Huang trav- eled for 558 days over 2,800 miles, braving hostile armies, violent bandits, fierce minority tribes, man-eating tigers, disease-laden regions, earthquakes, and the freezing rain and snow of the “Little Ice Age” to find his parents amidst the vast mountainous borderland province. Despite nearly impossible odds, he brought them back home. Huang then began to paint pictures of his odyssey through the sublime landscape of the dangerous, “barbarian” southwest in an extraor- dinarily dramatic style, and he wrote vivid accounts of his travels that were published as The Travel Records of Filial Son Huang (Huang Xiaozi jicheng).1 Huang Xiangjian created pictorial and literary works with distinct functions for the multilayered social networks that surrounded him. Personally, his most pressing concern was to establish a socially valuable reputation regarding filial piety and loyalty for himself and for his father in the wake of their return home to disorder. The initial step in this process was the writing ofThe Travel Records of Filial Son Huang, here translated for the first time in their entirety. The next step was to create paintings that captured the Huang family odyssey. This book is the first comprehensive examination of Huang Xiangjian’s landscape paintings of the southwest edge of the Chinese empire.
    [Show full text]
  • China Economic Issues
    China Economic Issues Number 7/07, November 2007 The Potential of the Renminbi as an International Currency Hongyi Chen and Wensheng Peng This paper assesses the potential significance of the renminbi as an international currency by drawing on the experiences of the other major currencies. We estimate an empirical model relating currency shares of reserve holdings to economic determinants such as the size of the economy and financial market, stability of the currency value and network externalities. A counter-factual simulation of the model using China’s data suggests that the renminbi’s potential as a reserve currency could be comparable to that of the British pound and Japanese yen if the currency were to become fully convertible today. An international currency is ultimately a market choice, but government policies on currency convertibility can facilitate or inhibit the process. In this respect, the authorities need to weigh the benefits and risks associated with an international role of the renminbi in policy formulation and implementation. As the size of the economy and financial market increases and the monetary policy framework including exchange rate flexibility becomes more firmly established, the benefits should increasingly dominate costs. The potential international role of the renminbi and associated benefits and costs should be part of policy considerations on the pace and form of financial liberalisation and capital account opening. Hong Kong, being an international financial centre of China, can play an important role in the development and opening up of the Mainland financial market. The renminbi business in Hong Kong provides a testing ground for the use of the renminbi outside Mainland China.
    [Show full text]
  • World Bank Document
    E289 Volume 3 PEOPLE'S REPUBLIC OF CHINA CHONGQING MUNICIPAL GOVERNMENT I HE WORLD BANK Public Disclosure Authorized Public Disclosure Authorized CHONGQING URBAN ENVIRONMENT PROJECT NEW COMPONENTS DESIGN REVIEW AND ADVISORY SERVICES Public Disclosure Authorized ENVIRONMENTAL ASSESSMENT VOLUME 1: WASTE WATER CONS L!DATEDEA AUGUST 2004 No. 23500321.R3.1 Public Disclosure Authorized TT IN COLLABORATION 0 INWITH ( SOGREAH I I i I I I I I I PEOPLE'S REPUBLIC OF CHINA CHONGQING MUNICIPAL MANAGEMENT OFFICE OF THE ROGREAH WORLD BANK'S CAPITAL 1 __ ____ __ __ ___-_ CCONS0 N5 U L I A\NN I S UTILIZATION CHONGQING URBAN ENVIRONMENT PROJECT NEW COMPONENTS CONSOLIDATED EA FOR WASTEWATER COMPONENTS IDENTIFICATION N°: 23500321.R3.1 DATE: AUGUST 2004 World Bank financed This document has been produced by SOGREAH Consultants as part of the Management Office Chongqing Urban Environment Project (CUEP 1) to the Chongqing Municipal of the World Bank's capital utilization. the Project Director This document has been prepared by the project team under the supervision of foilowing Quality Assurance Procedures of SOGREAH in compliance with IS09001. APPROVED BY DATE AUTHCP CHECKED Y (PROJECT INDEY PURPOSE OFMODIFICATION DIRECTOR) CISDI / GDM GDM B Second Issue 12/08/04 BYN Chongqing Project Management zli()cqdoc:P=v.cn 1 Office iiahui(cta.co.cn cmgpmo(dcta.cg.cn 2 The World Bank tzearlev(.worldbank.org 3 SOGREAH (SOGREAH France, alain.gueguen(.soqreah.fr, SOGREAH China) qmoysc!soQreah.com.cn CHONGQING MUNICIPALITY - THE WORLD BANK CHONGQING URBAN ENVIRONMENT PROJECT - NEW COMPONENTS CONSOLIDATED EA FOR WASTEWATER COMPONENTS CONTENTS INTRODUCTION ............. .. I 1.1.
    [Show full text]
  • China Telecom Corporation Limited (Translation of Registrant’S Name Into English)
    ˆ1MQQ61VD=J11TYZÁŠ 1MQQ61VD=J11TYZ hkgdoc CHINA TELECOM RR Donnelley ProFile8.8.12 HKG meenm0dc18-May-2005 08:07 EST 72714 FS 1 2* FORM 20-F HKG image-1 HTM ESS 0C Page 1 of 2 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2004 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-31517 (Exact Name of Registrant as Specified in Its Charter) China Telecom Corporation Limited (Translation of Registrant’s Name into English) People’s Republic of China (Jurisdiction of Incorporation or Organization) 31 Jinrong Street, Xicheng District Beijing, China 100032 (Address of Principal Executive Offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class On Which Registered American depositary shares New York Stock Exchange, Inc. H shares, par value RMB1.00 per share New York Stock Exchange, Inc.* * Not for trading, but only in connection with the listing on the New York Stock Exchange, Inc. of American depositary shares, each representing 100 H shares. Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) ˆ1MQQ61VD=J11TYZÁŠ 1MQQ61VD=J11TYZ hkgdoc CHINA TELECOM RR Donnelley ProFile8.8.12 HKG meenm0dc18-May-2005 08:07 EST 72714 FS 1 2* FORM 20-F HKG image-1 HTM ESS 0C Page 2 of 2 Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • The Popular Geopolitics of Film Motivated Chinese Tourism
    Journeys from the East: The Popular Geopolitics of Film Motivated Chinese Tourism Abstract Over the past five years the number of outbound travellers from the People’s Republic of China (PRC) doubled, making Chinese tourists the largest group of international travellers in the world. Fuelled by the strength of the Renminbi, this Chinese tourism ‘boom’ has been generated by a growing number of wealthy Chinese urbanites with an appetite for overseas travel. Chinese tourists now outspend all other international travellers with tourism receipts totalling $261 billion in 2016 alone (UNWTO 2017). Drawing on media reports of the impact of box office hits on Chinese outbound tourism, we argue that popular cinema shapes Chinese imaginaries of travel, which impact on the everyday geopolitics of Sino-host tourism encounters. Through a critical discourse analysis of representations of Chinese tourism practices in Chinese film, we highlight key visual and narrative tropes of economic and political power that present touristic practices as imaginable, aspirational, and attainable. Yet actual tourism encounters often play out differently than their onscreen imaginaries. Drawing on theoretical and methodological insights from Film Studies and political anthropology and geography, this article contributes to emerging multi- disciplinary work on how filmic representations of the economic influence of the Chinese tourism market globally mediates ongoing rearticulations of the geopolitics of China within what has been widely dubbed the “Chinese Century”. 1 Introduction Between 2001 and 2016, the number of international Chinese tourists more than doubled, and today, more than one out of every 10 travellers globally is a Chinese national (Arlt, 2016). In 2015, international Chinese tourists exceeded 135 million, with tourism receipts exceeding US $261 billion, making China by far the largest single source market in terms of total trips and spending (Arlt, 2016).
    [Show full text]
  • Why Did China's Population Grow So Quickly?
    SUBSCRIBE NOW AND RECEIVE CRISIS AND LEVIATHAN* FREE! “The Independent Review does not accept “The Independent Review is pronouncements of government officials nor the excellent.” conventional wisdom at face value.” —GARY BECKER, Noble Laureate —JOHN R. MACARTHUR, Publisher, Harper’s in Economic Sciences Subscribe to The Independent Review and receive a free book of your choice* such as the 25th Anniversary Edition of Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Founding Editor Robert Higgs. This quarterly journal, guided by co-editors Christopher J. Coyne, and Michael C. Munger, and Robert M. Whaples offers leading-edge insights on today’s most critical issues in economics, healthcare, education, law, history, political science, philosophy, and sociology. Thought-provoking and educational, The Independent Review is blazing the way toward informed debate! Student? Educator? Journalist? Business or civic leader? Engaged citizen? This journal is for YOU! *Order today for more FREE book options Perfect for students or anyone on the go! The Independent Review is available on mobile devices or tablets: iOS devices, Amazon Kindle Fire, or Android through Magzter. INDEPENDENT INSTITUTE, 100 SWAN WAY, OAKLAND, CA 94621 • 800-927-8733 • [email protected] PROMO CODE IRA1703 Why Did China’s Population Grow so Quickly? F DAVID HOWDEN AND YANG ZHOU hina’s one-child policy has come to be widely regarded as an effective piece of government legislation that saved the country from a Malthusian fate. C The Cultural Revolution of 1966–76 was the crowning achievement of Mao Zedong, chairman of the Communist Party of China (CPC) from 1945 to 1976.
    [Show full text]
  • What the World Can Learn from China's Travel Restart After COVID-19
    Travel, Logistics & Infrastructure Practice The way back: What the world can learn from China’s travel restart after COVID-19 With China’s COVID-19 lockdown over, travel is beginning to restart there. The country’s experience as consumer confidence in travel grows can help businesses in other parts of the world navigate the next normal. by Will Enger, Steve Saxon, Peimin Suo, and Jackey Yu © Images By Tang Ming Tung/Getty Images May 2020 China’s COVID-19 lockdown has ended, and travel When a lockdown ends, the first thing people want is tentatively restarting. In this article, we look at to spend money on is eating out. The second is how it has recovered so far, what Chinese travelers travel.2 Our consumer survey shows that confidence think about their future travel, and how industry in domestic travel rose by 60 percent over the past players are responding to these trends. Countries two weeks. The number of travelers for the recent and regions around the globe are gradually moving May Labor Day long weekend was down 53 percent past the peak of the pandemic. We hope that from 2019, but that represents a recovery from the China’s experience can shed light on what other April long weekend, when travel was down by 61 countries can—and cannot—expect for their own percent. (Exhibit 1). travel recoveries. At present, travel is entirely domestic; international borders remain closed. China has imposed a 14-day How tourism in China is restarting quarantine (in homes or government facilities) for Mainland China’s lockdown is over; new domestic every person coming from overseas.
    [Show full text]
  • Thomas David Dubois
    East Asian History NUMBER 36 . DECEMBER 2008 Institute of Advanced Studies The Australian National University ii Editor Benjamin Penny Editorial Assistants Lindy Shultz and Dane Alston Editorial Board B0rge Bakken John Clark Helen Dunstan Louise Edwards Mark Elvin Colin Jeffcott Li Tana Kam Louie Lewis Mayo Gavan McCormack David Marr Tessa Morris-Suzuki Kenneth Wells Design and Production Oanh Collins and Lindy Shultz Printed by Goanna Print, Fyshwick, ACT This is the thilty-sixth issue of East Asian History, printed in July 2010. It continues the series previously entitled Papers on Far Eastern History. This externally refereed journal is published twice per year. Contributions to The Editor, East Asian Hist01Y College of Asia and the Pacific The Australian National University Canberra ACT 0200, Australia Phone +61 2 6125 2346 Fax +61 2 6125 5525 Email [email protected] Website http://rspas.anu.edu.au/eah/ ISSN 1036-D008 iii CONTENTS 1 Editor's note Benjamin Penny 3 Manchukuo's Filial Sons: States, Sects and the Adaptation of Graveside Piety Thomas David DuBois 29 New Symbolism and Retail Therapy: Advertising Novelties in Korea's Colonial Period Roald Maliangkay 55 Landscape's Mediation Between History and Memory: A Revisualization of Japan's (War-Time) Past julia Adeney Thomas 73 The Big Red Dragon and Indigenizations of Christianity in China Emily Dunn Cover calligraphy Yan Zhenqing ��g�p, Tang calligrapher and statesman Cover image 0 Chi-ho ?ZmJ, South-Facing House (Minamimuki no ie F¥iIoJO)�O, 1939. Oil on canvas, 79 x 64 cm. Collection of the National Museum of Modern Art, Korea MANCHUKUO'S FILIAL SONS: STATES, SECTS AND THE ADAPTATION OF GRAVESIDE PIETY � ThomasDavid DuBois On October 23, 1938, Li Zhongsan *9='=, known better as Filial Son Li This paper was presented at the Research (Li Xiaozi *$':r), emerged from the hut in which he had lived fo r three Seminar Series at Hong Kong University, 4 October, 2007 and again at the <'Religious years while keeping watch over his mother's grave.
    [Show full text]
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]