the government to encourage entrepreneurship

as the wuhan city assembly is in the session of a annual meeting, the head of the city, Mr Miao Wei mentioned in the disscussion with the representatives that Wuhan has to restore its good tradition in cultivating a wonderful environment for trade and commerce and entrepeneurship.

the city’s official newspaper reported this in its headline, which signify the importance of establishing a good environment to promote the entrepreneurship and encourage more people to do business and make commercial activities in wuhan. i think the government has noticed that we have lost the old tradition of wuhan which ever was the commerce and financial centre of central china region. but now the city’s position in the central china is not as prominent as before.

this policy sounds very encouraging to the people who has intention to do their own business in wuhan, but it is hard to draw out and implement a detailed regulation. actually we need a total change, which beyond the capacity of the government. what the government can do is to change the mindset of the governmental officials, who think themselves as the bosses of the people, but not the servant, and simplify the administrative procedure.

wuhan iron and steel group to mine Madagascar

China’s Wuhan Iron & Steel Group, China’s fifth-largest steel producer, will set up a joint venture to explore iron ore and other resources in Africa’s Madagascar, a company spokesman said on Monday.Wuhan Iron & Steel Group, parent of Wuhan Iron and Steel Co , would take a 60 percent stake in the joint venture, with the remaining 40 percent taken by Hong Kong-based Kam Hing International Holdings Ltd, said Bai Fang.

Bai said he was unaware of the total investment of the joint venture.

Chinese steel mills, in talks with miners on iron ore prices for the fiscal year starting April, have been actively seeking iron ore and other resources outside China to strengthen their raw material supplies.

Price of Wuhan Iron and Steel Co jumped 8 percent on Monday morning to trade at 20.99 yuan ($2.92) apiece. ($1=7.181 Yuan)

Starbucks to open in wuhan

  

according to the latest news, the international well-known coffee shop, Starbucks, will open its first shop in wuhan. the location is in the Chicony Plaza, Wuchang district. the Chicony Plaza is a department store, where several famous brands have its outlet and franchise shop. and there are a lot of office building in the surrounding area, where many office workers work there. the plaza is also near several universities, like Wuhan University, central china normal university, where many college students are fond of the wetern style.

    the Starbucks shop in Wuhan has two floors. in the first floor is with a bar tender and special designed colorful lights. and the second floor are placed with wooden tables and chairs.

   till now Starbucks has 539 shops in china, covering 26 cities across china. since there is a rise in the number of office worker in Wuhan, Starbucks think it is a proper time to open a shop in Wuhan.