Wanda Owner Wang Jianlin Is Now China’s Richest Person – and more of Today’s China Real Estate Links | September 10, 2013

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

• Dalian Wanda Owner Wang Jianlin Is Now China’s Richest Person

  Wang Jianlin, the Chinese billionaire best known in the U.S. for his purchase of the AMC movie theatre chain last year, has become China’s richest man, based on a new Forbes estimate.

  Wang’s estimated fortune stands at $14 billion, surpassing that of Zong Qinghou, China’s biggest homegrown beverage entrepreneur, based on information obtained on Friday. Zong, the chairman of Hangzhou Wahaha, is currently worth an estimated $11 billion and was the wealthiest mainland Chinese on the 2012 Forbes China Rich List and 2013 Forbes Billionaires List.

• China among world’s top three investors in 2012

  China became one of the world’s top three investors for the first time last year as its foreign investment soared to a new record, the government said Monday.

  The Asian giant’s overseas direct investment rose 17.6 percent last year from 2011 to $87.8 billion, according to a statement jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.

• Dusit JV to Operate New Luxury Hotel in China’s Shaoxing

  Dusit Fudu Hotels and Resorts, a newly established joint-venture hotel-management company, has signed a contract to manage a new hotel in China, dusitD2 Shaoxing.

  The hotel is owned by Zhejiang Guannan Property Development Co.

  Scheduled for a soft opening in the fourth quarter of 2014, dusitD2 Shaoxing is in the prime commercial center of Shaoxing, Zhejiang province.

• China inflation falls to 2.6% in August

  Inflation in the world’s second-largest economy slowed to 2.6 per cent year-on-year in August, China’s National Bureau of Statistics says.

  The rise in the consumer price index, a main gauge of inflation, was a slight decrease on July’s 2.7 per cent figure.

  Authorities said food prices were the main driver of the increase, with meat, egg and vegetable costs all going up in the month, partly because of higher than average temperatures and lower rainfall than in previous years, Yu Qiumei, a senior NBS analyst, said in a statement on Monday.

This list is updated daily, so tune in again tomorrow for more up to date information.

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