A holding company that will manage the tourism-related assets of the Shaolin Temple is likely to seek public funds for expansion before 2011, the Shanghai-based Oriental Morning Post reported yesterday, without specifying where the firm would be listed.
The Dengfeng city government in Henan province, where the temple is located, recently signed a framework agreement with China Travel Service (HK) Ltd to invest 100 million yuan ($14.64 million) to establish the company under the Shaolin brand name, the newspaper said.
The planned venture is likely to raise 800 million to 1 billion yuan through various financing channels, including a public float before 2011, the newspaper reported.
The holding company will regulate the sale of admission tickets at the temple and also operate its cable car railway, movie theaters, hotels and tourist buses, according to the agreement.
The Hong Kong travel company will take a 51 percent stake in the venture while the Dengfeng government will own the rest, the paper said.
The temple itself was not involved in the negotiation process, the Oriental Morning Post reported, confirming the company plans from Dengfeng government officials.
"Abbot Shi Yongxin himself was not even aware of the deal until a few days ago and he knew nothing about the details of the negotiations," Qian Daliang, general manager of Henan Shaolin Temple Development Company, was quoted as saying by the newspaper.
Dubbed the "CEO monk", Shi Yongxin is a controversial figure, allegedly running the religious monastery in a business-oriented style.
Shi, 44, is the first Chinese Buddhist abbot with an MBA degree. He was criticized for allegedly accepting luxury gifts and constructing lavish restrooms worth $430,000 at the temple under his leadership.
Shi had said in an interview in August that the temple needed to realize the commercial value of its cultural heritage to support its development.
"The Shaolin Temple alone cannot support its everyday maintenance, the protection of historical relics and the life of our monks," Shi said. "So, we have to dig deep into the cultural value of the temple and to develop this culture industry."
The Shaolin Temple, the birthplace of Chinese kungfu and Zen Buddhism, has become a cash cow for the local government in recent years, fetching millions of yuan every year from tourism and commercial activity, including film production rights and an online store.
The temple, covering 30,000 sqm, drew 1.6 million tourists last year, generating 150 million yuan from the sale of entry tickets.
It also opened an online merchandise store - offering goods such as shoes, clothing, tea and kungfu manuals - on Taobao.com, China's biggest online retailer.
Industry experts said the likely share sale might boost the country's tourism sector as the government was encouraging the development of a consumption-driven economy.
Huangshan Tourism Development Co Ltd, a tourism company that runs businesses in the Huangshan Mountain area and Emei Shan Tourism Co Ltd, a Sichuan-based company that operates tourism resources on the Emei Mountain, are two travel companies that are currently listed in Shanghai and Shenzhen respectively.
Just like Shanghai people enjoy being referred as Shanghainese, people in Beijing call themselves Beijingers.
But don't be so naive to think that because you have worked or lived in Beijing for several years, you are entitled to call yourself a Beijinger. The title of Beijinger belongs to those people who have Beijing registered residence permit, or hukou.
Registered residence permit represents a lot of things other than residency. Unless you are born with one, you have to work really hard in order to get one in Beijing.
Several days ago, I interviewed some black taxi drivers, those who don't work for any taxi companies and don't have permits to drive a taxi. Since these taxis are illegal and are relatively cheaper than official taxis, they are often accused of "stealing" customers.
However, asked about whether they would prefer to drive a legal taxi, most of the black taxi drivers said: "We can't. Only those with Beijing hukou get the right to work for taxi companies."
What's more, hukou is becoming a new criterion to testify if you have a relatively successful life in Beijing.
Two months ago when I proudly announced to my family and friends that I had been offered the perfect job in Beijing, the only question they asked me was "Does your employer offer you a Beijing hukou?"
After being told no, their disappointed faces made me believe that the job was not so perfect.
When it comes to relationships, Beijing hukou is definitely something you can brag about in front of your date. A man refused one of my best friends, a fantastic girl with a great job, over hukou. The man said: "Sorry, I only date those with Beijing hukou."
It's not because he is a Beijinger or dislikes anyone from outside of Beijing. He hoped to get a Beijing hukou by marrying a Beijinger. However, he has a long way to go before becoming an official Beijinger - he needs to stay married for at least 10 years before he gets hukou.
China has closed one of the country's largest file-sharing sites in what it says is a fight against copyright infringement, but could be seen as another measure aimed at controlling what content the country's Web users can find online.
The file-sharing site BTCHINA — a major source of overseas movies, television shows and games in the country — has been closed since Friday, and another site, VeryCD.com, was down Wednesday. A report in the Southern Metropolis Daily said other file sharing sites would be closed in the coming days.
The State Administration of Radio, Film and Television said BTCHINA did not have a license to distribute audio and video content. "SARFT has deleted our site's registration and shut down our site," a notice on the BTCHINA site said.
Read more: China closes file-sharing sites in latest crackdown
There have already been around 400 tons of leaves that have fallen alongside the streets of Shijingshan District this winter. Instead of being mixed with domestic waste and buried on landfill sites like in the past, the leaves have been used to feed oxen and sheep at a livestock farm whose owner came to sanitation stations and asked for the leaves. This not only helps the livestock pass the winter, but it also saves the sanitation stations from covering the costs of clearing, transporting and burying the leaves. Reporters learned that the Shijingshan District Santitation Center has used this method to process the fallen leaves for the second consecutive year.
Reporters learned that the leaves lying along the streets of Shijingshan District mainly fell from Populus lasiocarpa, Populus simonii, Chinese toon and pagoda trees. "The leaves we collected were buried at landfill sites in Mentougou District in the past, so we not only covered the high costs of clearing and transporting leaves, but also paid landfill sites fees. There was inevitably some air pollution such as dust that was kicked up during the transportation process," said Gao Fei, an official from the Shijingshan District Sanitation Center.
Read more: Beijing explore new ways to dispose of bio wastes
Many foreign policy analysts in America and around the world perceive a growing alliance between Russia and China to counter U.S. influence. By looking at the diplomatic statements of the Shanghai Cooperation Organization and the increasing amount of trade and joint military exercises between Russia and China, it is easy for an American to come to this conclusion. But this simplistic analysis overlooks the sentiments of many Russian academics and ordinary citizens who fear the superpower rising on Russia's doorstep.
The photo : "Chinese soldiers help Russian lady" was described as threat in Russia Blog
Page 185 of 254