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Home prices fall for 2nd consecutive month in Oct

Home prices in China fell in October for a second consecutive month due to the nation's tightening measures intended to cool the overheated property market, a research institute said Tuesday. The China Index Academy, a Beijing-based company that studies China's property market, ...

Food safety complaints more common

The latest quarterly report from the China Consumers' Association shows that the public is becoming more concerned about food quality. And at a time when watchdogs are becoming more vigilant in cities, experts are warning that residents of rural areas are at the worst risk of ...

Regulators review Taobao

Chinese industry regulators are studying whether Taobao Mall engaged in a monopoly, after a group of small- and medium-sized vendors launched a protest last month against the country's largest business-to-consumer (B2C) site. The Ministry of Commerce suspects Taobao Mall may have ...

Small businesses seek less room to maneuver

Shi Lijuan was almost at her wit's end when she went looking for office space for the company she partly owns, Beijing Yongcheng Law Firm. As a small enterprise with just 10 members of staff, she only needed about 40 square meters of office space. However, every landlord she ...

Falling new housing loans add to Chinese home builders' strains

New property-related loans continued to shrink in China in the third quarter of this year, adding to realty companies' capital strains, according to data from the People's Bank of China (PBOC). New property-related loans, which include loans to property developers and mortgage ...

Turning point in housing market looms amid discounts

When long-awaited housing price cuts finally came to the Chinese market, the immediate response was not a warm welcome. Instead, media reports have featured protests from homeowners in cities where prices dropped right after they made purchases. Hundreds of homeowners stormed ...

UK failing to lure Chinese tourists

The United Kingdom is lagging behind its European neighbors in attracting Chinese tourists, according to a new report by the University of London's School of Oriental and African Studies and Hilton Hotels & Resorts. The report estimates around 127,000 Chinese tourists came to the ...

Court hears woman's case against Ikea

A court hearing over a woman's lawsuit against Ikea regarding a miscarriage she said she had was held on Thursday in Tianhe district, in Guangzhou, South China's Guangdong province. Jiang Li, 34, a former manager at the furniture and family article giant, filed the lawsuit in May...

Homebuyers rattled by lending woes

The golden era of mortgage rate discounts has passed, and potential homebuyers are now left waiting for the tight credit policy to drive down prices before they can afford a mortgage. In Shanghai, that's proving to be a long wait for many. Across the city, Bank of China, China ...

Home prices decline in suburbs

Home prices in China's key cities are falling more quickly as property developers, under increasingly tight cash-flow pressure, are cashing in as pessimistic forecasts are issued for the property market. Though data from the National Bureau of Statistics show the month-on-month ...

E-sales of placenta continue to thrive under ban

Sales of human placenta continue to flourish online, despite a government ban on the trade and warnings from health experts about the risk of disease. Taobao, the country's largest online marketplace, is awash with vendors offering dried or ground placenta, a popular ingredient ...

13 Wal-Mart stores reopen after pork scandal

Thirteen Wal-Mart stores in southwest China reopened on Tuesday after being closed down by local authorities for 15 days for selling incorrectly labelled pork. The company set up supervisory teams at stores in the city of Chongqing to improve management and overhaul product ...

Online business order remains in infancy

The dispute between thousands of small and medium-sized businesses and the online shopping giant to which they are attached, reveals the weakness of the law when it comes to e-commerce. Last week, immediately after Taobao Mall, the country's largest business-to-consumer platform, ...

Taxing luxury goods becomes a hot issue

International luxury brands competing to expand their presence in China have to face the fact that Chinese consumers prefer to buy premium goods abroad instead of domestically. The World Luxury Association released a report in June revealing the Chinese spent nearly $50 billion ...

Home buyers angry as project's prices lowered

Angry homeowners of several residential projects in Shanghai flocked to their developers' sales offices over the weekend, seeking refunds or purchase cancellations after big discounts have been offered by developers to trigger sales. Hundreds of infuriated homeowners gathered at ...

Chinese investor Huang to open tourism firm in Iceland

Chinese businessman Huang Nubo, who is looking to buy a 300-square-km section of land in Iceland in order to develop an eco-resort, has applied to Beijing's commerce authorities to open a tourism development firm in Iceland. Xu Kang, a spokesman for the Beijing Municipal ...

Dumpling producer apologizes for contamination scandal

A leading Chinese producer for quick-frozen snacks Thursday apologized for the production and sale of bacteria-contaminated dumplings and said that a recall was underway. A spokeswoman from Zhengzhou Sinian Food Co., Ltd. said they had confirmed the contamination of staphylococcu...

Landmark hotel building neglected for 8 years

A 38-floor building sitting on the shore of the beautiful Songhua River in Harbin, Heilongjiang Province, has been mostly left unused since 2003, accumulating losses in hundreds of millions for Industrial and Commercial Bank of China's Heilongjiang branch. The landmark building, ...

China to boost legal management system for online retail

China will map out rules to establish a legal management system for online retail, said the Ministry of Commerce (MOC) on Wednesday. MOC spokesman Shen Danyang said the MOC will lead the draft of the rules to form a system for access and exit of third-party transaction platforms ...

Gov't prepares online retail rules

The Ministry of Commerce with other government departments, is drawing up regulations on companies entering and exiting the market, improving market rules, and clarifying the rights, responsibilities and obligations of all players, Shen Danyang, a ministry spokesman, said on ...
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