DreamWorks plans entertainment district in Shanghai – and more of Today’s China Real Estate Links | August 9, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• DreamWorks Animation plans entertainment district in Shanghai

  DreamWorks Animation and China’s largest media companies plan to invest more than $3 billion to build a sprawling entertainment, dining and shopping district in Shanghai. A new joint venture called Oriental DreamWorks announced Monday that the company would open Dream Center — an entertainment hub with theaters, cinemas, restaurants and tourist attractions — in 2016. The announcement marks the latest effort by Glendale-based DreamWorks and other Hollywood studios to bolster business in the world’s most populous country, which this year has surpassed Japan as the world’s second-largest market for movies outside the U.S.

• Adoption of national property tax touted in China

  The State Administration of Taxation is organizing training sessions to teach its staff about a local property tax system, a step many experts are saying is meant to further expand the collection of property taxes in the country. More than 70 people from local tax bureaus are receiving the training at the Renmin University of China in Beijing, according to an announcement from the China Real Estate Valuers Association.

• Where To Rub Elbows With The Elite Of Architecture In Shanghai

  Shanghai’s skyline has stirred the imagination of outsiders since the city’s rise as an international trading hub a century and a half ago. Prior to its Communist “liberation” in 1949, Shanghai attracted architects such as Slovak Laszlo Hudec, whose Park Hotel built in 1934 and villas are part of a prolific record that still awes tourists today.  American John Portman arrived at the start of the country’s reform era in the 1980s to build the landmark the city’s Portman Center, which relaunched contemporary design in China’s largest city. Two decades after the Portman Center was finished, China’s energetic international business hub more than ever summons the world’s best architects and their firms to create creative structures of all sizes with funding by the government and, increasingly, the by new rich.

• Columbia Sportswear announces plan for retail joint venture with Swire

  “Columbia Sportswear Co. announced Tuesday night that it had entered an agreement to form a joint venture with Swire Resources Ltd.
  The partnership is designed to expand Columbia’s sales in China as well as that of Columbia subsidiary, Mountain Hardwear.”

• China To Announce Cooling Inflation, Anemic Growth

  The Chinese government may face fresh calls for policy easing this week following the release of data expected to show rapidly fading inflation pressure and anemic economic activity. The National Bureau of Statistics is expected to announce Thursday (0930 local/0130 GMT) that consumer price inflation rose just 1.7% y/y in July, according to the median of a survey of economists conducted by MNI. Only one of the 20 economists surveyed thinks inflation will remain above 2%, following June’s 2.2% increase.

• Prefabricated structures to prevail in new Shanghai construction projects

  SHANGHAI constructor companies will use “green” building technology in 20 percent of new housing projects by 2015 to reduce noise pollution and save energy. Local construction groups say they are still improving on the skills required to raise construction efficiency. The method of prefabricated concrete structure is used in about 35 percent of housing projects in the United States and 35 to 40 percent in many European countries.

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