8. Guangzhou plans to provide 3,000 homes for lease at low rents this year, with the lowest at just 30 percent of market price, according to the Yangcheng Evening News. Another 4,000 flats owned by the municipal government will be put on sale at affordable prices to help those on modest incomes, said Xie Xiaodan, the head of Guangzhou land resources and housing management bureau. (The Standard).
9. Renaissance Hotels – an upscale brand of Marriott International, officially started operating its 5th hotel in Shanghai. The hotelier is pleased that one more hotel is flying the flag of the group in Shanghai and expects tourism to boom due to the Expo and the city's appeal, said Anthony Ha, general manager of Marriott International China, at the opening ceremony of the Renaissance Shanghai Putuo Hotel. The hotel is the 45th Marriott property in China where Marriott International aims to add about 10 more hotels to its portfolio this year. (Shanghai Daily).
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