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Chinese buying up investment properties in London

BEIJING - Chinese investors spent approximately 170 million pounds ($260 million) buying up newly built properties in central London in the 12 month period ending March 2010, driven by a weaker pound and tightened real estate policies at home, major international real estate ...

China vows to tame housing prices

BEIJING - Policies launched this year to tighten the rise in housing prices have not been well implemented, Premier Wen Jiabao said on Sunday, though the central government will continue its efforts to maintain prices at a reasonable level. He made the remarks while taking ...

Property agencies scramble for new staff

After a long, quiet winter, the spring has brought a thaw in the sales of second-hand properties in Beijing, but the spike in business has led to a labor shortage at many of the capital's housing agencies. According to an investigation by the Mirror Evening News, major property ...

CIC buys stake in New York tower in US property push

BEIJING - China Investment Corp (CIC) helped refinance a Manhattan office tower co-owned by Carlyle Group last year, another sign that the $300 billion sovereign wealth fund is stepping up its US real estate investments. CIC joined forces with AREA Real Estate Finance Corp of New ...

Statistics chief admits errors in property data calculation

BEIJING -- China's statistics chief said Friday that there were problems with the method and system in calculating property prices and he promised new measures to correcting them.The remarks were made by Ma Jiantang, director of the National Bureau of Statistics (NBS), in a ...

Hot money flow peaks in December

China attracted a total of $48.7 billion of "hot money" in December, the largest amount in eight months, according to China International Capital Corp (CICC). The nation's foreign-exchange reserves rose $10 billion last month, the smallest increase since November 2008, according ...

Online shopping boom to continue in 2010: report

BEIJING - A report on business in China predicts Chinese consumers will spend 500 billion yuan ($73.5 billion) via online shopping in 2010, accounting for over three percent of all retail sales. The report forecasts total retail sales of consumer goods in 2010 at 15 trillion yuan...

New loans expected to drop to 600b yuan in May

The average monthly new loan volume is expected to be 600 billion yuan in May and June, to keep the total new loan amount at 2 trillion yuan for the second quarter, the Shanghai Securities News reported Friday. China's new loans stood at 774 billion yuan in April. New policies ...

Macao house mortgages soar 6.2% in Q4 '09

MACAO - New residential mortgage loans (RMLs) approved by Macao banks in the fourth quarter of 2009 increased by 6.2 percent to 6.6 billion patacas ($835 million), according to the figures released Monday by the Monetary Authority of the Macao special administrative region (SAR). ...

Boom continues for Beijing's second-hand home market in Q1

BEIJING - Beijing's real estate market continued to expand in the first three months of the year despite the government's intensive moves to rein in the sky-rocketing property prices. The average second-hand home price hit 15,692 yuan (US$2,298) per square meter in March, a rise ...

China's foreign trade to top $2.9t this year: minister

BEIJING - China's foreign trade is expected to exceed $2.9 trillion this year, and the country expects its trade and international payments to be more balanced over the next five years, Minister of Commerce Chen Deming said Thursday. In an interview with Xinhua, Chen said it is ...

Developers urged to cut carbon emission

China's property developers were required Saturday to build energy-efficient homes in a bid to cut carbon emission. Developers should construct more compact apartments and avoid wasting space to reduce carbon dioxide emission, said Gu Yunchang, vice president of China Real Estate ...

'Guilt' has builders thinking green on construction

Booming cities with rising skylines are hallmarks of China's development over the past 30 years. Urban Chinese on a per capita basis have seen their housing space almost tripled from 8.59 square meters in 1985 to 23 square meters last year. But several of the developers who have ...

'Guilt' has builders thinking green on construction

Booming cities with rising skylines are hallmarks of China's development over the past 30 years. Urban Chinese on a per capita basis have seen their housing space almost tripled from 8.59 square meters in 1985 to 23 square meters last year. But several of the developers who have ...

Developers plans green overhaul of construction industry

Several real estate developers led by Wang Shi, Chairman of China Vanke Inc called for a green overhaul of construction industry on Tuesday on the sideline of the the UN Climate Change Conference. The urban expansion and housing boom in the past 30 years have caused excessive use ...

Alibaba.com hopes for A-share listing

SHANGHAI - Alibaba.com, China's largest e-commerce company, hopes to return to China's domestic A-share market by listing on the planned international board, the Securities Times reported on Monday, quoting the company's chief executive. "Alibaba was considering how to let ...

Alibaba says economic woes far from over

SHENZHEN - While China's economy is showing signs of recovery after the worldwide financial crisis, Jack Ma, chairman and chief executive of e-commerce company Alibaba Group, said the end of the financial crisis is yet to come. This year and the next two years will be the ...

Peking Roast Ducks available through mouse clicks

An online store devoted to promoting historic Beijing brands sells everything from Peking Roast Ducks to traditional Chinese medicine (TCM), and probably can have it all delivered, as well. Laozihao Eshop (lzheshop.cn) sells goods from 108 historic Beijing brands and 45 ...

Baidu forms online shopping mall JV

Baidu Inc, a major Chinese language Internet search provider, and Rakuten Inc, the largest e-commerce website in Japan, yesterday announced an agreement to jointly invest $50 million over three years in a joint venture to build a B2B2C online shopping mall for Chinese-Internet ...

Second-hand e-tailer gets new lease on life from e-partners

Ma Jian has never regretted his decision two years ago to start a website focused on shopping for second-hand goods, despite objections from friends and relatives. Though many people told him the business would surely fail, Ma is pleased to see his first entrepreneurial venture ...
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Latest World News

china

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world

market

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finance

company

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industry

trade

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