China Daily (Canada) - - SHANGHAI -

Ac­cord­ing to En­gel’s Co­ef­fi­cient law, as much as 84.2 per­cent of Shang­hai fam­i­lies have hit or are above the “well-off ” stan­dard, with their ex­pen­di­tures on food ac­count­ing for less than half of their in­come, ac­cord­ing to a sur­vey con­ducted by the Shang­hai Academy of So­cial Sciences. The sur­vey also found out that more than half (55.9 per­cent) of the city’s in­di­vid­u­als re­ceive a per capita in­come of be­tween 51,000 ($7,591) and 100,000 yuan, with the an­nual house­hold in­come of 61.5 per­cent of lo­cal fam­i­lies rang­ing from 100,000 to 200,000 yuan.

A num­ber of Chi­nese en­ter­prises in­clud­ing Shang­hai Elec­tric have ap­proached Fiat Chrysler Au­to­mo­biles (FCA) with a bid to buy its Co­mau ro­bot­ics busi­ness, ac­cord­ing to Reuters. Chi­nese con­glom­er­ate Si­no­mach and Shang­hai In­sti­tute of Me­chan­i­cal and Elec­tri­cal Engi­neer­ing (Simee) have also con­tacted the FCA re­gard­ing a pos­si­ble buy­out. Co­mau is Fiat’s sec­ond-largest com­po­nents busi­ness and its ad­justed op­er­at­ing profit was 72 mil­lion eu­ros ($80 mil­lion) last year. The po­ten­tial ac­qui­si­tion comes amid the re­cent trend of Chi­nese en­ter­prises tak­ing over over­seas com­pa­nies. It was re­ported ear­lier this year that Midea Group Co be­came the largest share­holder of Kuka AG af­ter buy­ing a 25.1 per­cent stake in the Ger­man ro­bot maker.

Lat­est data pub­lished by WeChat, China’s most widely used mo­bile mes­sag­ing ap­pli­ca­tion, re­vealed that the most num­ber of peo­ple trav­el­ing across China dur­ing the re­cent Na­tional Day hol­i­day came from Bei­jing, while Shang­hainese were the most pro­lific in go­ing abroad. The sur­vey, which tracked the travel pat­terns of Chi­nese be­tween Oct 1 and Oct 7, also found that Guangzhou and Hong Kong were the most fa­vored do­mes­tic des­ti­na­tions, while the United States was the top over­seas des­ti­na­tion for Chi­nese tourists. The most pop­u­lar do­mes­tic scenic spot was the West Lake in Hangzhou where the G20 sum­mit was held in Septem­ber.

Plans to build the new 46-hectare Shang­hai East Rail­way Sta­tion are cur­rently un­der­way. The sta­tion will be­come the city’s sec­ond-largest af­ter Hongqiao Rail­way Sta­tion and the first in the city’s Pudong New Area, ac­cord­ing to East­day. com. Sun Zhang, a pro­fes­sor from Tongji Univer­sity, was quoted by ThePaper. cn say­ing that pas­sen­gers in Shang­hai stand to en­joy more con­ve­nience from this lat­est ad­di­tion, which takes the tally to four rail­way sta­tions in Shang­hai.

Sasaki As­so­ci­ates, a USbased ar­chi­tec­ture firm, has beaten a field of in­ter­na­tional com­peti­tors to win the bid to re­design the Suzhou Creek, re­ported by Arch­daily. com. Also known as Wu­song River, the creek has suf­fered from se­vere pol­lu­tion over the re­cent decades and the new de­sign will fo­cus on ex­pand­ing the per­ceived water­front of Shang­hai into the ur­ban blocks ad­ja­cent to the creek. Sasaki has worked on sev­eral projects in Shang­hai, in­clud­ing the Xuhui Run­way Park, Zhangji­a­bang Park, Jiad­ing Cen­tral Park and the Chong­ming Is­land Xinchusha mas­ter plan.

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