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Morgan Stanley says buy China equities

SINGAPORE - Morgan Stanley recommended "cheap" stocks in South Korea and China and advised reducing holdings in Southeast Asia after rallies drove indexes in Indonesia, the Philippines and Malaysia to record highs. "South Korea and China are examples of markets that are not in ...

The American dream of the Chinese rich

A US property agent draws potential Chinese customers with promises of green cards at a real estate fair in Beijing in this file picture taken in late June. Wu Changqing / for China Daily For many of China's wealthy, investing $500,000 in a US government program is the best way ...

Rural shoppers open up wallets wider

Customers look at sunglasses in a store in Shanghai. Price rises and stock market volatility were the two major factors affecting consumers' attitudes in the second quarter, particularly in first- and second-tier cities. [Kevin Lee / Bloomberg] Urban consumers get jitters over ...

Price hikes in certain basic goods fuel inflation fears

A man shops at a supermarket in Beijing on Friday, June 4, 2010. [China Daily] Beijing - Prices of daily necessities including milk powder, tissue paper and tea have risen nationwide in recent months, following previous price hikes in a number of farm products. The price of a ...

Runaway housing prices keep investors from realty stocks

BEIJING - Li Xinran, a 26-year-old investor in Beijing bet three times on A-share property stocks, only to end up with losses as the shares' value continue to decline. "They say that you should be greedy when others are fearful. But that doesn't seem true for property stocks," Li ...

Pudong rests hopes on amusement park

Governor reveals plans for future on 20th anniversary of new area SHANGHAI - With Walt Disney's famed cartoon figure Mickey Mouse set to make his debut at the Pudong New Area in about six years, the financial center is well on its way to prove it's not all about business. The ...

Curbs give a fillip to overseas realty buys

A sales broker at a real estate agent replaces a property advertisement in the company's window display in London. The strengthening of the yuan against major currencies in the past two years has meant Chinese buyers can acquire real estate assets abroad at a bargain. [Agencies] ...

Strong data shows recovery is on track

The world's third-largest economy looks to be well on the road to recovery, say analysts, following the publication of more strong economic data. Spurred on by the government's massive stimulus package, industrial production rose in October by 16.1 percent compared to its level ...

China's richest see their wealth double

The Midas touch of US investment guru Warren Buffett helped energize the bank account of Shenzhen battery and electric car magnate Wang Chuanfu in the latest China rich list in Forbes Magazine, vaulting the entrepreneur 22 places up the rankings. In addition to being the biggest ...

Millionaires club expands in China

The global economic downturn has not affected the personal wealth of the rich in China that continued to expand this year and also opened up more opportunities for private bankers, said a recent study. The number of millionaires with personal holdings in excess of $1 million is ...

No change in fiscal, monetary policies

China's top decision-making body on Friday pledged to maintain its pro-growth fiscal and monetary policies next year amid growing concerns that rising prices could create an asset bubble. "We will maintain the continuity and stability of the macro-economic policy," Xinhua News ...

Tough times forecast for China's exporters

SHANGHAI - China's exports face "strong headwinds" in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market, Citigroup Inc said. Investors monitor share movements at a brokerage in Ningbo, ...

Economy puts brake on sales of used luxury cars

A second-hand Rolls-Royce, which has a price tag of 8 million yuan, on display at a second-hand luxury car store. ZOU HONG / CHINA DAILY Sales of secondhand luxury cars have been declining since November and touched a new low in May, according to officials at the Huaxiang used ...

Bank stance to ease inflation risk

A man walks past a collage of various international currencies at a money exchange store in Hong Kong. Provided to China Daily Gradual appreciation of currency will help promote structural adjustment of export-oriented firms Editor's note: The decision by the People's Bank of ...

Designer labels bank on China

Advertising boards for luxury brands at a department store in Beijing. Bain & Co says China remains the fastest-growing luxury goods market in the world, with a sales volume of 68.4 billion yuan ($10.27 billion) this year. [Photo / China Daily] Fashionable brands see nation as ...

Foot massaging company heads to the stock market

Jiafu Fuqiao has 500 outlets in the country and three massage training schools. [China Daily] With traditional Chinese music playing in the background, dragons delicately painted on the walls and neatly positioned rosewood furniture, Jiafu Fuqiao foot massage parlors are ...

Celebrity effect creates a stir on bourses

These days, movie stars are creating a ripple, not on silver screens, but on the Chinese stock markets. Two investors, sharing the same names as actresses Xu Fan and Deng Jie, are the third and fourth largest shareholders of Zhejiang Orient Co Ltd, a Shanghai-listed textile ...

Feng shui masters hit the investment trail

Reading up on feng shui could improve your financial skills.[CFP] HONG KONG: While financial analysts read all sorts of indexes to form a picture of the economy, feng shui experts in Hong Kong are applying their art to a similar end. Peter So, a popular local feng shui master, is ...

Playing stocks spices up 99-year-old man's life

99-year-old man keeps his mind active buying and selling on the stock market CHANGSHA - For 99-year-old Lu Fumin, the secret of long life is simple. Every weekday morning a nanny helps him out of the house - and straight to the stock market. Lu Fumin, 99, records stock market ...

Diamonds becoming an investor's best friend

Beijingers are seeing diamonds as a good investment besides stock and property markets. [MIKE CLARKE / FOR CHINA DAILY] If you ask Beijingers about the two things they are most interested in from South Africa, they are likely to say the World Cup and diamonds. With football fans ...
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china

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trade

sports

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Yao's gift of sport for all
Yao's gift of sport for all
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