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October 22, 2010

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Home » City specials » Hangzhou

Economy roars

HANGZHOU economy has grown steadily in all sectors for the first three quarters of the year, the Hangzhou Statistics Bureau reported.

Industrial added value reached 156.33 billion yuan (US$23.52 billion), an increase of 15.7 percent over the first three quarters last year.

Retail sales reached 156 billion yuan, up 20.4 percent year on year.

Urban residents' disposable income increased by 11.4 percent to 23,403 yuan, while rural residents' income increased by 12.3 percent to 11,939 yuan.

However, consumer price index also kept rising for the first three quarters. Due to higher prices of pork, chicken, eggs, rice and other products, the CPI increased by 3.6 percent year on year.

Pretty guides

Female tour guides at the West Lake now must not only know about history and culture - but also look attractive.

Recruitment is underway for 10 new guides by the Management Committee of West Lake Scenic Area.

"Though it is not a pageant, the applicants should have a comprehensive quality, such as good posture and good conversational ability. That's what we are looking for," said Wang Yaopign, an official with the committee. "The tour guides at West Lake represent the image of West Lake."

Applicants should submit a 5-inch photo and three-minute video - one minute about themselves and two minutes about scenic spots. They should wear light make-up, and introduction should be filmed close-up.

Flat speculation

Hangzhou residents are only permitted to purchase one additional residential apartment as part of a national effort to rein in housing prices and curb speculation.

New housing regulations issued by the Hangzhou government went into effect on October 11. They also apply to people from other provinces who reside in Hangzhou.

Meanwhile, subsidy policies for home purchase are suspended.

"Each family can purchase one more apartment," the regulation states. It suggests that regardless of the number of apartments family members have, each family can still buy another property.

Apartment buyers purchasing a first home are required to pay a deed tax of 1.5 percent; apartment buyers who purchase a first apartment under 90 square meters are required to pay a deed tax of 1 percent.

Buyers purchasing a second apartment are required to pay a 3 percent deed tax.




 

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