China Daily (Canada) - - SHANGHAI -

The first pair of gi­ant panda twins turned two months old on De­cem­ber 4 at the China Con­ser­va­tion and Re­search Cen­ter’s Shang­hai base and the cen­ter is now seek­ing name sug­ges­tions from the pub­lic. The twins, one male and one fe­male, have been re­ported to be in good health, weigh­ing 3.41 and 3.03 kilo­grams re­spec­tively. Mem­bers of the pub­lic can send their sug­ges­tions to the base’s of­fi­cial WeChat or pan­ Vis­i­tors can also visit the cubs be­tween 9.30am to 12pm and 1pm to 4pm daily.

Shang­hai po­lice have ar­rested eight peo­ple sus­pected to be part of an il­le­gal for­eign cur­rency ex­change net­work in­volv­ing more than $7 bil­lion. Ear­lier in July, Chi­nese po­lice busted an un­der­ground bank net­work that spanned five prov­inces and cities and which fa­cil­i­tated money trans­fers to­talling bil­lions of yuan, ac­cord­ing to East­

Shang­hai cus­toms have ar­rested nine sus­pects and de­tained 3,000 tons of smug­gled seafood worth 250 mil­lion yuan ($36 mil­lion), ac­cord­ing to Peo­ple’s Daily. Two en­ter­prises were found to be in­volved in smug­gling premium frozen seafood, such as Botan shrimp, lob­sters and snow crabs, via a smug­gling group in Guangxi Zhuang antonomous re­gion which later dis­trib­uted the food to Shang­hai and the nearby Zhe­jiang and Jiangsu prov­inces. The case has been handed over to the procu­ra­torate.

Home­buy­ers now have to pay more in down pay­ment fol­low­ing the im­ple­men­ta­tion of the new mort­gage poli­cies on Nov 29 which were aimed at rein­ing in the volatile hous­ing mar­ket. Ac­cord­ing to the new mea­sures, the down pay­ment for first-time home­buy­ers is now 35 per­cent, 5 per­cent more than pre­vi­ously, while fam­i­lies that al­ready own an apart­ment have to foot a down pay­ment of at least 50 per­cent. The av­er­age trad­ing price of newly built apart­ments in Shang­hai reached 46,423 yuan per square meter in Novem­ber, soar­ing 33.39 per­cent year-on-year, ac­cord­ing to Shang­hai Uwin Real Es­tate In­for­ma­tion Ser­vices Co.

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