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China Nov. Property Prices Rise 0.3 pct On-month

Property prices in 70 major Chinese cities rose 0.3 percent in November month on month and 7.7 percent year on year, the National Bureau of Statistics (NBS) said Friday. November was the third consecutive month prices rose, after a 0.2-percent rise in October and a 0.5-percent ...

China's Farm Produce, Materials Prices Continued to Fall

Related: China Puts More Grain Reserve on Market, Prices Slightly Decline China's top economic planner said Thursday that prices for agricultural produce and materials continued to fall from Nov. 29 to Dec. 5, with some varieties seeing big drops. Food prices monitored in 36 ...

Hong Kong's Inward DI Up 14.8 Pct

Hong Kong Census and Statistics Department Thursday announced that the stock of the city's inward direct investment (DI) in 2009 increased by 14.8 percent from a year earlier to 7,262.1 billion HK dollars (about 934 billion U.S. dollars) at market value. The increase was mainly ...

Asian Market Roundup Dec 9

China China's stocks continued to fall Wednesday amid tightening concerns, with the benchmark Shanghai Composite Index down 1.32 percent, or 37.6 points, to end at 2,810.95 on Thursday. The Shenzhen Component Index declined 2.08 percent, or 262.15 points, to end at 12,353.27. ...

China Puts More Grain Reserve on Market

China state grain reserve released 8.6 million tonnes of grain on to the market from Nov. 29 to Dec.3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tonnes from the amount the previous week, with market ...

China's Annual Auto Sales Expected to Hit 18 Mln

China's auto sales are expected to reach 18 million units this year as sales in the first 11 months hit 16.4 million units, figures released Thursday by the China Association of Automobile Manufacturers (CAAM) showed. The full-year sales projection by the CAAM Thursday has ...

Housing Prices 30 pct Overpriced

A report by a leading think tank in China showed Wednesday that residential housing in the country's large and medium-sized cities is overpriced and in some cities are severely overpriced. Ordinary commercial residential housing in 35 large and medium-sized cities are, on average...

Asian Market Roundup Dec 8

China Chinese markets closed down Wednesday with the benchmark Shanghai Composite Index down 0.95 percent, or 27.32 points, to end at 2,848.55. The Shenzhen Component Index closed down 0.33 percent, or 41.58 points, to end at 12,615.41. Hong Kong stocks closed down 335.63 points, ...

Auto Sales Propel 27% to Monthly High

China's passenger car sales rose to a record monthly high in November as consumers rushed to purchase on speculation that local governments will rev up measures to control ownership of vehicles. The combined sales of passenger vehicles, including sedans, sport-utility vehicles ...

Pharma firm Hepalink soars on trading debut

Shares of drugmaker Shenzhen Hepalink Pharmaceutical Co Ltd soared on the company's trading debut on Thursday against the backdrop of the sharp plunge of the overall market as analysts said it may boost investor interest in the pharmaceutical sector. The price of Hepalink, the ...

Mengniu milks gains to post profit

China Mengniu Dairy Co, the nation's largest dairy firm, said it returned to profit last year, joining major dairy companies that benefited from a recovery in the industry after a tainted milk scandal but an analyst warned that risks to maintaining profit remain. Mengniu, 20 ...

Gold Falls after Touching Historical Record

Gold Falls after Touching Historical RGold futures on the COMEX Division of the New York Mercantile Exchange concluded the rising spree on Tuesday, falling 0.5 percent from the prior trading day, as profit- taking dominated the market after the price hit historical record on ...

China's CPI Expected to Hit 3.2 pct in 2010

China's consumer price index (CPI), a major gauge of inflation, is expected to rise 3.2 pct in 2010, a leading government think tank reported on Tuesday. "The inflationary pressure is building up and excess liquidity would be the major factor driving the CPI up in the next ...

SOLVAY : Solvay will expand compounding capacity for specialty polymers in China

p>EUR 21 million investment in new capacity to satisfy surging demand Solvay announces today that it has decided to build a specialty polymers compounding plant at its site in Changshu in the province of Jiangsu, China. Start-up of the plant is expected in the last quarter of ...

Chinese Think Tank Warns of Price Rise in 2011

China's housing prices will rise by 15 percent this year, down from 25 percent in 2009, said a government think tank Tuesday, warning of a "retaliatory price rebound" in 2011 if the government relaxed measures aimed at cooling the market. "Although average prices of residential ...

Gold Stays Firm amid Eurozone Turmoil, Weaker dollar

Gold futures on the COMEX Division of the New York Mercantile Exchange extended winning streak to third session on Wednesday, as investors continued to purchase gold as a hedge against widening Europe debt woes and inflationary pressures in Asia. A weaker dollar also helped push ...

Global Firms Eye China Wind Power Industry

Rewritten by Tom McGregor Companies and governments from around the world are eager to obtain a piece of the action in the booming wind power market of China that is about to surpass the United States as the world's biggest by the end of the year, according to the China Daily. In ...

E-Savings Bonds Snubbed by Chinese Investors

Fearing the possibility of new rounds of interest hikes in the near future, Chinese buyers have turned a cold shoulder towards the new electronic savings bonds on the first day of their issuance, the "Shenyang Evening News" reported. The new electronic savings bonds, issued by ...

Bright Dairy Shares Surge on Agreement to Buy 51 pct Stake in NZ Milk Producer Synlait

Shares in Bright Dairy & Food Co. Ltd. soared over 10 percent Monday after the Chinese dairy giant said Sunday it would invest 58 million U.S. dollars to buy a 51 percent stake in New Zealand dairy farm owner Synlait Milk. Bright Dairy's shares closed 10.03 percent higher at 8.23 ...

China's Consumer Confidence Drops in June

Chinese spent less in June amid surging commodities prices and floods in many of the country's southern provinces, according to the latest reading of an index that gauges consumer confidence on Friday. The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News ...
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