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Rich Chinese snap up real estate overseas

China's rich have looked to overseas housing market. As the government tightens controls on domestic housing purchases, more rich Chinese are shifted their focus overseas, looking to buy up housing and land at bargain prices, the China Business Times reported Friday. A group of ...

China's property developers under pressure

China's real estate developers face a greater pressure as their inventories pile up. [CFP] China's property developers saw their inventories surge in the first half of this year as government measures to cool the market have started to bite, latest statistics show. Total ...

Spending big abroad

"Xiexie," says a beauty store assistant as she sees out a group of Chinese customers carrying big bags full of cosmetics in South Korea's busy Myongdong commercial district. The shop clerk is not Korean but one of the Aritaum chain's Chinese employees, who make up 40 percent of ...

HOPSCA: The New Reality in Realty

The HOPSCA-style Dameisha Outlets in Shenzhen, Guangdong province. The number of HOPSCA - complexes made up of hotels, offices, parks, shopping malls, clubs and apartments in China's big cities - is growing rapidly. [Photo: China Daily] A new form of urban development is fast ...

Wanda's 500m yuan to boost Chinese soccer

Wang Jianlin, chairman of Dalian Wanda Dalian Wanda back CFA's bid to foster young talents with multi-million deal BEIJING - Fresh from the recent disappointment of its Olympic team failing to qualify for next year's London Games, the Chinese Football Association (CFA) launched a ...

Hefty tax bill worries online vendors

China's Administration for Industry and Commerce last year asked online vendors to register their information and apply for business licenses. An online seller in Wuhan, Hubei Province, has been ordered to pay 4.3 million yuan (US$664,600) in business tax, as the city becomes the ...

Post Bureau acts against express-delivery companies

Shentong Express' Zhejiang headquarters in Hangzhou. Revenues of the country's express-delivery business grew by 20 percent year-on-year in 2010, according to the State Post Bureau.[China Daily] The State Post Bureau clamped down on 56 express-delivery companies over a two-month ...

Post Bureau acts against express-delivery companies

Shentong Express' Zhejiang headquarters in Hangzhou. Revenues of the country's express-delivery business grew by 20 percent year-on-year in 2010, according to the State Post Bureau. [Photo / China Daily] BEIJING - The State Post Bureau clamped down on 56 express-delivery ...

Record realty prices head to lower-tier cities

A property expo in Jiaxing, Zhejiang province. Measures to rein in soaring property prices in major cities have driven hot money to smaller cities. [Photo / China Daily] Investors widen net as measures to cool market begin to bite SHANGHAI - Property prices in a number of coastal ...

Record realty prices head to lower-tier cities

Property prices in a number of coastal cities are rising faster than those in large cities. Property prices in a number of coastal cities are rising faster than those in large cities as investors with deep pockets look to second- and third-tier cities amid tightening measures to ...

Record realty prices head to lower-tier cities

A property expo in Jiaxing, Zhejiang province. Measures to rein in soaring property prices in major cities have driven hot money to smaller cities. (Photo / China Daily) Property prices in a number of coastal cities are rising faster than those in large cities as investors with ...

Cyber Wars between Stores Are Heating up

360buy.co's booth at an exhibition in Beijing. The online retailer's annual revenue hit 10.2 billion yuan last year. [Photo: China Daily] When Miao Zhipeng, who works for a Beijing State-owned enterprise, moved into his new apartment of the North Fourth Ring Road, he bought all ...

Cyber wars between stores are heating up

360buy.co's booth at an exhibition in Beijing. The online retailer's annual revenue hit 10.2 billion yuan last year. [China Daily] When Miao Zhipeng, who works for a Beijing State-owned enterprise, moved into his new apartment of the North Fourth Ring Road, he bought all his ...

Sales of drink from Taiwan on additive health scare

A Taiwan businessman displays a quality report to visitors at a "Made-in-Taiwan" exhibition in Shenyang, Liaoning province. [Photo / China Daily] BEIJING - China has banned shops and restaurants from selling drinks from Taiwan that contain an additive that has potentially harmful ...

Beijing home prices feel the chill of city's cooling measures

New-home prices plummeted by more than 20 percent year-on-year in the capital city in May, and analysts said other cities will follow the trend in the second half of this year. In Beijing, the average price of a newly constructed unit dropped to 23,467 yuan ($3,400) a square ...

Experts: China's housing prices to drop 10 percent

Peking University Guanghua School of Management (GSM) Real Estate Association held a summit forum on the development of China's real estate on May 29. Experts and scholars believe that this year China s housing price will drop by 10 percent to 15 percent. 10 percent drop is by no ...

Commercial property on the up

A commercial property under construction in the Pudong area of Shanghai. The Chinese mainland is drawing more attention from foreign institutional investors. In Shanghai, there were seven transactions of commercial properties in the first quarter, totaling 4.6 billion yuan ($708 ...

Alibaba develops logistics platform

College graduates wait for job interviews at a service outsourcing talent fair in Nanjing International Exhibition Center in the capital city of East China's Jiangsu province. [Photo/China Daily] Online retailer links up with China Post's Zhejiang branch to grow more SHANGHAI - ...

Alibaba develops logistics platform

College graduates wait for job interviews at a service outsourcing talent fair in Nanjing International Exhibition Center in the capital city of East China's Jiangsu province.[China Daily] Following the example of 360buy.com and dangdang.com, the leading online shopping websites ...

London Luxury Quarter aims for rich Chinese

Flags for luxury brands hang in New Bond Street, in London. China is the world's second-largest consumer of luxury goods, after the United States, according to Bain and Company. [Photo / Agencies] SHANGHAI - London Luxury Quarter (LLQ), a new luxury shopping district promoted by ...
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