Chinese business news in brief

Statistics from the Shanghai welfare lottery centre show that last year, a millionaire was born every six days in the city through buying welfare lotteries.  

A total of 61 people have become millionaires overnight by winning lotteries, and 29 of them have won the 5 million yuan ($641,025) top prize. 


Companies with only one person in total are flourishing in Zhejiang Province. Over 10,000 such companies were registered last year with a total registered capital of above 30 billion yuan, the local Administration of Industry and Commerce says. 

The new corporate law, which came into effect since the beginning of 2006, allows one person to set up a limited company; the lowest registered capital is 100,000 yuan. 

Analysts said the one-person company has gained popularity among investors for its simple structure and flexible operating system. 


Chinese users spent 276.76 billion yuan on Internet services in 2006, almost 50% more than the previous year, as their number rose to 136 million by the end of 2006, according to the Internet Society of China. 

It says in its Internet Guide 2007 that Chinese users spent about 170 yuan a month on services such as Internet connection, online shopping and online games last year. 

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