friendship international hotel rongsheng china in stock

Prices at Rongsheng Business Hotel (Fuzhou Taijiang) are subject to change according to dates, hotel policy, and other factors. To view prices, please search for the dates you wish to stay at the hotel.

Rongsheng Business Hotel (Fuzhou Taijiang) is near the following attractions: 吾樓劇本推理社(Approximately 7m), Banyan of Eighteen Scholars(Approximately 333m), 福州市體育館(Approximately 378m).

Good location near downtown attractions and Ancient City for food market. Room was huge, with couch and desk table. Cleaning staff didn"t replace toilet paper, and actual took the little we had already. No English. Hotel says there is a spa and fitness centre, but there isn"t. Breakfast is included and was really good with lots of options and fruit. Price was steep for China at around 700 RMB per night. Gas masks in the room for ??

Located in Addis Ababa (Bole), Friendship International Hotel is within a 15-minute walk of Edna Mall and Medhane Alem Church. Featured amenities include complimentary wired Internet access, a 24-hour business center, and complimentary newspapers in the lobby. Planning an event in Addis Ababa? This hotel has facilities measuring 3228 square feet (300 square meters), including a conference center. A roundtrip airport shuttle is complimentary (available 24 hours).Read more

SHANGHAI, Oct 30 (Reuters) - China Rongsheng, the country’s largest private shipbuilder, has secured a cash lifeline that could be worth up to HK$3.23 billion dollars and is looking to change its name to reflect its shift into oil exploration.

Shares in heavily indebted Rongsheng, which were suspended on Aug. 29 after the company said it was in the process of restructuring, surged almost 17 percent higher after trading resumed on Thursday. They reversed gains, and were down 3.7 pct by 0217 GMT.

Rongsheng said late on Wednesday it would issue warrants worth HK$510 million to a Cayman Islands-incorporated investment firm wholly owned by private equity investor Wang Ping, which would entitle subscribers to buy up to 1.7 billion new shares at HK$1.60 each.

This would raise about HK$3.23 billion for Rongsheng, it said. A warrant entitles the holder to buy stock from the issuer at a specific price within a time frame.

The price of the new shares is at a 17.65 percent premium to Rongsheng’s closing price of HK$1.36 per share on Aug. 28, when it last previously traded. It said the subscription shares represent 19.36 percent of the firm’s issued share capital.

Rongsheng, which builds Brazilian miner’s Vale mega-iron ore carriers, came close to insolvency last year before clinching an agreement with banks to extend its loans until end-2015.

As one of the Jiangsu region’s largest employers, the firm has received copious support from the government, which is currently helping Rongsheng with its restructuring.

Rongsheng also said it had signed a debt agreement with a syndicate of domestic banks in Anhui province that would extend its debt payments to the end of 2015.

The firm, which bought a 60 percent stake in an oil exploration company in Kyrgyzstan, also said it was proposing to change its name to China Huarong Energy Company to reflect its expansion into the energy service sector to counter the slump in the shipbuilding industry.

Rongsheng has been one of the most prolific casualties of the global shipping slump. The industry is still trying to shake off a glut of ships ordered before the crisis which has sunk freight rates and caused many shipbuilding orders to be delayed or cancelled. ($1 = 7.7552 Hong Kong dollar) ($1 = 6.1136 Chinese yuan) (Reporting by Brenda Goh; Editing by Miral Fahmy)

RONGCHENG, CHINA — Rongcheng was built for the future. Its broad streets and suburban communities were constructed with an eye to future expansion, as the city sprawls on the eastern tip of China’s Shandong province overlooking the Yellow Sea. Colorful billboards depicting swans bank on the birds — one of the city’s tourist attractions — returning there every winter to escape the Siberian cold.

In what it calls an attempt to promote “trustworthiness” in its economy and society, China is experimenting with a social credit system that mixes familiar Western-style credit scores with more expansive — and intrusive — measures. It includes everything from rankings calculated by online payment providers to scores doled out by neighborhoods or companies. High-flyers receive perks such as discounts on heating bills and favorable bank loans, while bad debtors cannot buy high-speed train or plane tickets.

By 2020, the government has promised to roll out a national social credit system. According to the system’s founding document, released by the State Council in 2014, the scheme should “allow the trustworthy to roam everywhere under heaven while making it hard for the discredited to take a single step.” But at a time when the Chinese Communist Party is aggressively advancing its presence across town hall offices and company boardrooms, this move has sparked fears that it is another step in the tightening of China’s already scant freedoms.

“The social credit system is just really adding technology and adding a formality to the way the party already operates,” says Samantha Hoffman, a consultant at the International Institute for Strategic Studies (IISS) who researches Chinese social management.

The Communist Party has experimented with forms of social control ever since it came to power in 1949, though China’s self-policing tradition stretches back to the Song dynasty. An 11th-century emperor instituted a grid system where groups of five to 25 households kept tabs on each other and were empowered to arrest delinquents.

Post-1980s, the state relied on hukou, or housing registration, to keep tabs on where people lived, worked, and sent their children to school. But the hukou system often broke down when confronted with China’s mass urbanization in recent decades, which saw hundreds of millions of migrant workers move into metropolises despite poor access to housing and social services.

In Beijing, Zhang Lili is one of the researchers designing the national social credit system. She works at Peking University’s China Credit Research Center, which was established more than 15 years ago for this purpose.

Zhang, wearing her hair in a ponytail, talks about how the idea for the system originated in China’s rapid economic expansion. It’s a narrative commonly put forward in China: Because the Chinese market economy didn’t take centuries to expand like in the West, people need the government to keep companies and businesspeople in check, as well as to ensure a smooth urbanization.

The scheme was a disaster. Both residents and state media blasted it for its seemingly unfair and arbitrary criteria, with one state-run newspaper comparing the system to the “good citizen” certificates issued by Japan during its wartime occupation of China. The Suining pilot was canceled but not before teaching the government some lessons about what is palatable to the public.

Perhaps the most controversial initiative so far is a supreme court blacklist of 170,000 defaulters who are barred from buying high-speed train or airplane tickets or staying at luxury hotels as a means to pressure them to repay their debt.

The public blacklist has been incorporated by another incarnation of the social credit system — Zhima Credit, a service of the mobile payment provider Alipay. China has a huge mobile payment market, with transactions totaling $5.5 trillion in 2016, compared with $112 billion in the United States. Alipay, owned by Ant Financial, and WeChat Pay dominate the still-growing Chinese market.

However, the company is blending into the invisible web of China’s upcoming social credit system. Ant Financial has already signed a memorandum of understanding with Rongcheng, whose residents will be able to pay their utility bills using Alipay and show their Zhima Credit score — if high enough — to obtain better health insurance and borrow library books and rent public bikes without a deposit.

The government will in the end have inordinate amounts of data at its disposal to control and intervene in society, politics, and the economy. This strategy is deliberate and well thought out, argues Sebastian Heilmann of the Mercator Institute for China Studies in Berlin. “With the help of Big Data, China’s leadership strives to eliminate the flaws of Communist systems,” he wrote in a Financial Times op-ed. China’s troves of data will help the government allocate resources, solve problems, and squelch dissent — or so, at least, the government hopes.

Some people already feel trapped in China’s social credit web. Investigative reporter Liu Hu in 2013 published an article alleging someone was an extortionist. The man sued Liu for defamation and won. The court ordered the journalist to pay a fine, which he says he did. However, when Liu next tried to book a plane ticket using a travel app, he was notified that the transaction couldn’t go through because he had been included on the supreme court’s blacklist.

“The Chinese government is increasingly inclined to use high tech to monitor ordinary people, turning China into a police state, a big prison,” says Zhang Lifan, the sociologist.

In the larger picture, the Communist Party is trying to stay in power “by making China a pleasant and acceptable place for people to live in order to not get angry,” Creemers says. “It doesn’t mean it’s benevolent. Keeping people happy is a much more effective means than employing force.”

As of Feb 6, 2023, prices found for a 1-night stay for 2 adults at Friendship International Hotel on Feb 7, 2023 start from $65.22, excluding taxes and fees. This price is based on the lowest nightly price found in the last 24 hours for stays in the next 30 days. Prices are subject to change. Choose your dates for more accurate prices.

Located in Bole, this hotel is within a 15-minute walk of Edna Mall, Medhane Alem Church, and Selam City Mall. World Bank Ethiopia and “Red Terror” Martyrs" Memorial Museum are also within 3 mi (5 km).

Yes, Friendship International Hotel offers free cancellation on select room rates, because flexibility matters! Please refer to Friendship International Hotel cancellation policy on our site for more details about any exclusions or requirements.

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