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Pork, pig prices sail past '08 record

Consumers buy pork in a store in Yiwu, Zhejiang province. In some second- and third-tier cities, the price of pork rose above 30 yuan ($4.64) a kilogram. [China Daily] The prices of pork and live pigs climbed higher than the record set in 2008 and will continue their rising ...

Men's magazines make their mark

A newsstand featuring a men's magazine advertisement in Shanghai. Fashion magazines for men have enjoyed an annual growth rate of more than 30 percent in China since 2006.[China Daily] Although watches might be considered old-fashioned and people tell the time with their ...

Less cities report home price growth in May

Less cities have seen month-on-month growth in prices of both new homes and second-hand homes, according to the National Bureau of Statistics (NBS) on Saturday. The NBS said in a statement on its website that month-on-month price growth for new commercial homes were reported in ...

China's most expensive apartment no longer up for sale

Diaoyutai No.7 Complex, located in western Beijing's Haidian District, was priced at more than 300,000 yuan per square meter by the developer. China's most expensive luxury apartment is no longer up for sale, the apartment's developer said on Friday, following high media exposure ...

Taobao adopts new model

Alibaba Group president Jack Ma Alibaba Group on Thursday said it is splitting its e-commerce firm Taobao, China's largest shopping website, into three units. However, the group won't rule out the possibility of going public in the future, said Alibaba Group president Jack Ma in ...

National Museum introduces LV's idea about art

Some of LV's wildly creative designs from the past century are on display for the first time in China. [China Daily] The Biginning, as Zhan Wang sees it, in this interpretation, that is on display. Luxury Louis Vuitton's exhibition in the National Museum of China has been ...

Italy's RDM Group opens first outlet in China

Shoppers pass a billboard advertising a luxury brand in Beijing. The World Luxury Association forecasts China will become the largest luxury-goods market by 2020. [Photo / China Daily] The Italian luxury real estate developer and fashion retailer RDM Group opened its first outlet ...

HK's shop rent rises to No. 2

Buildings in Hong Kong's Admiralty and Central districts are illuminated at night. Hong Kong overtook Sydney as the world's second-most expensive city to lease shopping space after rents in the Chinese city surged 46 percent in the first quarter from the previous three months....

Housing is a basic right and not a cash cow

[By Zhou Tao / Shanghai Daily] In March I gave a speech at the 2011 China Development Forum on what I call the "social bubbles" in China's property market. Contrary to popular notions, housing is more a social product than a pure economic one. Everyone has his or her right of ...

New home supply at highest in Shanghai

Apartment buildings stand in Shanghai. New home supply in the city soared to the highest in five months last week, with sales little changed but the average price fell more than 2 percent.[Shanghai Daily] New home supply in Shanghai soared to the highest in five months last week, ...

Marriott aims to keep apace of tourism growth

Burgeoning Chinese inbound and outbound tourism has provided a boost for US-based Marriott International Inc to further tap the domestic hospitality market and lure more Chinese tourists traveling abroad to its businesses, a senior company executive said. The hotel group will add ...

TV shopping programs head more upmarket

Hunan Television workers produce a television shopping program in a studio. Many television shopping programs have sprung up in recent years, and rather than selling cheap goods, they are moving upmarket to sell gold, cars, even houses. [China Daily] Traditionally, sales of high...

Beijing Diaoyutai Seventh Yard prices set a record

Daioyutai Seventh Yard, a compound beside the 2nd Ring of western Beijing, sets a record price at 300,000 yuan per square meter. Apartments of No.3 building in Diaoyutai Seventh Yard beside the Second Ring Road in west Beijing sell for 300,000 yuan (US$46,140) per square meter, ...

Outsourcing Summit focuses on transforming China's cities

A vast roster of international political and business leaders flocked to Ma'anshan, Anhui Province on May 23 for the opening ceremony of the fourth annual Global Outsourcing Summit. Former prime minister of Australia John Howard addresses a crowd of international political and ...

Prada to float on Hong Kong market

A Prada store. The fashion company is scheduled to list on Hong Kong on June 24. Italian fashion house Prada SpA yesterday began to gauge investor demand for its Hong Kong initial public offering, according to a sales document. The Milan-based fashion company is selling a total ...

Costly low-rent housing breeds dependency

Recently, many local governments have announced plans to build low-rent housing. In some cities, the construction costs for low-rent housing is 1,400 yuan ($215) per square meter and each apartment is 36 square meters large. The rent for each house is 400 yuan ($61) per month, ...

Milan Station soars on IPO

A Milan Station shop, which specializes on secondhand luxury handbag retailing. Shares in Milan Station Holdings, a Hong Kong-based secondhand luxury handbag retailer, closed at HK$2.77 per share ($0.36) on the company's trading debut Monday, up 65 percent compared with its issue ...

Boost for Chinese fashion brands

Bustling Xidan Street in downtown Beijing is home to dozens of clothing stores, featuring both foreign and domestic labels. It is also testimony to the growing popularity of domestic brands. Not only are Zara and H&M full of chic teenagers, but so, too, are their Chinese ...

International beer city travel Qingdao of China

Introduce Qingdao International Beer City located in national travel resort of Stone Old Man is known as the largest international beer in Asia to know. Beer city divides the south, function area of the north two major. The south district is the center of amusement, the north ...

Victoria Beckham's modelling venture

Victoria and David Beckham Victoria Beckham is set to start her own modelling agency. The singer-turned-designer - who already has her own successful fashion label - is reportedly in talks with her manager Simon Fuller to set up a new business venture in New York. A source said: ...
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china

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market

finance

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company

industry

Super car club in commercial drive
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Chinese steelmakers see profits plunge
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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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