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Land sales are likely to soar

China's land sales may top 2 trillion yuan ($302 billion) this year as the nation tries to control rising home prices. Analysts said that surging land sales would be detrimental to the nation's economic health and the government must work to keep them low. The new prediction ...

Land values up as developers target growth

China's land prices are picking up again as more property developers step up their expansion in the land market, indicating their confidence in next year's housing sector and public expectations of further growth in home prices. According to Centaline China, a leading real estate ...

Ministry says rational sharing still allowed

Renting a house or apartment and sharing with others is allowed, while dividing the room into several units to rent to a group of people is prohibited, the Beijing News reported Monday, citing Jiang Wanrong, head of the Ministry of Housing and Urban-Rural Development. The ...

China tougher on foreign property investment

China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce(MOC) on Thursday. The ministry urges local authorities to increase checks and supervision on property investment ...

China to start housing price data reform

China will carry out the House Sale Price Statistical Scheme in 2011, after soliciting opinions via the internet earlier this year, said Ma Jiantang, head of the National Bureau of Statistics (NBS) on Thursday. Ma made the remarks at a national statistics work conference, saying ...

Beijing nets US$22.8 bln in land sales this year

The Beijing city government netted a record 151.7 billion yuan (22.8 billion U.S. dollars) in land sales in the year to Thursday, the municipal bureau of land and resources said. The city sold 252 plots of land this year, the bureau said in a statement. A plot of land in the ...

Affordable homes program expanded for 2011

Shanghai plans to build more affordable homes next year, as the city increases efforts to improve the living standard of middle to low income households. The city will see affordable housing totaling 15 million square meters built in 2011 - an increase of 25 percent on 2010, Liu ...

Beijing's CBD land leasing sets new high of 6.3 bln yuan

State-owned land located in the center of Beijing's CBD area has been bid at 6.3 billion yuan ($946.26 million), refreshing the record of the city's land leasing this year, Beijing News reported Wednesday. The land Z15 for commercial use was bid by China International Trust and ...

Office buildings still take the top spot

Deals involving major real estate acquisitions are set to fall 20 percent to 20 billion yuan (US$3 billion) in Shanghai this year, with office buildings favored the most by investors, a property services provider said yesterday. In 2009 such deals totaled 25 billion yuan, ...

Blind faith pays off in online baby products shop

Most aspiring entrepreneurs are advised to venture into new businesses with their eyes wide open. But five young Shanghai people flouted the conventional wisdom when they decided to start an online shop selling baby products. All five of them are blind. In the dark world they ...

China poised to be world's largest LCD TV market

LG Electronics Inc, the world's second largest TV brand and third biggest mobile phone maker, expects to double its sales in China this year as the global economic recovery spurs demand. "LG Electronics is on track to a 100 percent growth in China," Choong Bong Cho, chief ...

Store strategy lifts Gome's net

Closing underperforming stores helped Gome Electrical Appliances Holdings post a 35 percent gain in net profit in 2009, the retailer said yesterday. [More 2009 earnings releases] Net income rose to 1.4 billion yuan (US$207 million) from 1.1 billion yuan a year earlier, Gome said ...

China mulls real name registration for online shops

Supporters outnumbered opponents Sunday in an online poll on introducing a real-name system to online retail registration after China's commerce authority issued a draft to solicit public opinion. The State Administration for Industry and Commerce released a draft regulation on ...

Shanghai Jin Jiang hotel gets get Interstate

Shanghai Jin Jiang International Hotels (Group) Co Ltd announced yesterday that it has acquired Interstate Hotels & Resorts Inc, the largest independent hotel management company in the United States, through a strategic partnership with the US-based Thayer Lodging Group. The US...

Suning, Samsung target 10 bln yuan in sales this year

Suning Appliance, a leading home appliance retailer in China, said Sunday it had signed an agreement with the global electronics giant Samsung to target 10-billion-yuan (1.46 billion U.S. dollars) in sales in 2010. The 10 billion yuan sales target, if achieved, will be a 70 ...

Major biz chains post slowest sale growth in decade

China's top 100 retail chains posted the slowest sales growth in a decade last year as they were cautious in opening new stores amid the fallout from the global financial crisis, the China Chain Store & Franchise Association (CCFA) said yesterday in a report. Sales value at the ...

Consumption 'not spurred by higher pay'

China's repeated efforts since the start of the year to raise people's incomes may not stimulate domestic consumption and therefore won't lead to higher inflation, a major economic concern for both regulators and investors, said analysts. These efforts include raising the minimum ...

Rongshida Sanyo wins investors' interest

Shares of Hefei Rongshida Sanyo Electric Co Ltd closed up 7.94 percent Tuesday, leading the household appliance board, though it posted a no-surprising annual report on the same day, the National Business Daily reported Wednesday. The Shanghai-listed household appliances ...

China not a haven for shoddy luxury clothing

Chanel, Louis Vuitton, Burberry. These high-end designer brands are no longer alien to Chinese. Despite the fact that many of the products on the street are knockoffs, Chinese spent over $5 billion on branded luxury goods in 2009. The fetish for luxury products is becoming a ...

China's Suning reports soaring net profit in 2009

Suning Appliance Co. Ltd., an electronics retailing giant in China, Tuesday reported that its net profit in 2009 reached 2.89 billion yuan (423.6 million U.S. dollars), up 33.17 percent year on year. In its annual business report filed to the Shenzhen Stock Exchange, the Nanjing...
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china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
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Bill Gates talks nuclear
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market

finance

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Xinhua Feature: World's political, business leaders gather in Davos for WEF
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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trade

sports

Stars 'Big Three' fall short of title in 1st year
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Li Na wins French Open women's singles title
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Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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