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Bumper crop, but price still rising: Consumers will still face moderate grain price hikes this year, despite the country seeing a bumper harvest, a senior agricultural official said on Thursday. Grain output is expected to jump to a record high of more than 550 million tons, marking the eighth consecutive year for ...

Gov't regs start to cool China's housing market: The Chinese central government's sustained tough control measures on its property market appear to be paying off, according to the latest statistics. The rising housing prices in many Chinese cities have been greatly curbed, and signs of lower housing prices have appeared. ...

Amazon launches online bookstore in China: Online shopping giant Amazon.com opened an online Chinese-language bookstore on Thursday in cooperation with a Chinese state-owned publishing group, according to a news release from Amazon. The store is being jointly operated by Amazon and the China International Publishing Group ...

Grain output to top 550 mln metric tons: China will see a bumper harvest of grain this year despite frequent droughts and floods, with grain output expected to jump to a record high of more than 550 million metric tons, Vice Minister of Agriculture Chen Xiaohua said Thursday. The strong harvest will mark eight ...

China raises minimum wheat purchase prices: China's top economic planner announced Wednesday that it will raise the minimum purchase prices for wheat from farmers in 2012 to boost grain output. The move "aims to protect farmers' enthusiasm to grow grains and further stimulate grain production," the National Development and ...

Property owners warned over tax: City officials say owners of plush residential properties must pay their property taxes in October or face harsh punishments. On Jan 28, Chongqing and Shanghai adopted the first property tax ever imposed in China, placing it on expensive residential properties in the hope of ...

Liquor makers ordered to stabilize prices: After years of price surges, the government has moved to rein in producers of Chinese white liquor, known as baijiu. A posting on the website of the China Alcoholic Drinks Industry Association (CADIA) said that the National Development and Reform Commission (NDRC) has told ...

Property developers face squeeze: Chinese property developers may be forced to cut prices or seek costlier funding sources under liquidity pressure if sales weaken in 2012, Standard & Poor's said Tuesday. More than half of the nearly 30 property developers it has rated in China may be unable to meet debt payments ...

McDonald's licensed for expansion: McDonald's Corporation China has announced that it issued its first developmental license in August to a mainland business in a move to further expand its presence in the country. The license was granted to Ren Jianmei, vice-president of the Kunming North Star Group that runs ...

Coca-Cola eyes Olympic market in Russia: U.S. soft drink giant Coca-Cola has launched a 120-million-U.S.-dollar plant in south Russia to supply non-alcoholic beverages for the 2014 Winter Olympic Games in Sochi, the company said on Monday. The plant, the company's 15th production facility in Russia, will have a capacity ...

Liability insurance to ensure quality of China's housing for low-income earners: China can introduce liability insurance for its housing projects for low-income earners to strengthen quality control, an expert said Saturday. By introducing the liability insurance, the insurer will play a role in supervising the design of the project, building and workers' ...

Beijing's 2nd-hand home sales drop to 3-year low: Sales of second-hand homes in Beijing slumped to a three-year low in the first 19 days of September, China National Radio reported Sunday. The contract sales of existing homes stood at 4,233 units from September 1 to 19, the report said, citing figures from the Beijing's real ...

Giant Interactive to invest $50m in Alibaba: Giant Interactive Group Inc said it will invest $50 million in China's e-commerce company Alibaba Group through an investment in Yunfeng e-Commerce Funds. Yunfeng e-Commerce Funds was established by Yunfeng Capital, a China-based private equity firm co-founded by Alibaba CEO Jack ...

Jebsen rides growth: Jebsen Group, a marketing and distribution company, yesterday forecast a doubling of its revenue to 16.5 billion yuan (US$2.6 billion) in China by 2015 through adjusting business structure and increasing investment. The company has won the franchise for a Hong Kong-based ...

Fewer housing projects offer price cuts: Fewer new residential projects in Shanghai will offer price cuts in October, with most developers prepared to give discounts of up to 10 percent, according to latest market researches. A total of 147 new housing projects, of which more than 80 percent are located beyond the city...

New home stocks firm but sales seen soft: The supply of new residential properties will remain stable in Shanghai in October, while developments located in downtown areas are expected to rise notably from this month but that may not translate into a sales boom. The local housing market will see the release of 47 new ...

State council urges more support for low-income housing: The State Council, or China's cabinet, on Monday ordered local governments to give more support for the construction of low-income housing projects, especially low-rent public housing units. Officials attending an executive meeting of the State Council, chaired by Premier Wen ...

Property prices fall in more cities in August: More cities reported lower or unchanged property prices in August amid cumulative government efforts to cool the market, according to the National Bureau of Statistics (NBS). In August, some 46 cities out of the statistical pool of 70 major cities saw new home prices decline or ...

Milk powder imports to dominate market: China's milk powder imports have surged more than fourfold since 2008, when the melamine-tainted baby formula scandal was exposed, pressing hard on domestic milk powder manufacturers. Statistics released by the General Administration of Customs on Friday show that milk powder ...

Pork imports set to hit a record: China's pork imports are likely to hit a record this year, but the surge will have limited influence on surging prices, analysts said. "China imported about 400,000 tons of pork and pork offal in the first five months of this year, up 43 percent year-on-year, and imports will ...

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