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Curbs slow Shanghai home sales

Policies ranging from a property tax to higher downpayment levels and mortgage rates are curtailing transaction volumes in Shanghai, but strong activity at the high end of the market is driving up prices. In terms of area, the local housing market was sluggish even during the ...

China's milk powder imports jump

China's milk powder imports are soaring, with imports in the first half of this year already exceeding the total amount of milk powder imported in 2009, an official with the China Chamber of Commerce of Foodstuffs and Native Produce said Thursday. China has imported larger ...

CBD fest to mark start of core project

Work to build the core area of the capital's central business district (CBD), which includes 18 new low-carbon buildings, will start on Thursday, a city official has announced. "Preparation for the design and demolition, which started in March last year, has finished," Wu Guiying...

Bun shops 'sneaking in banned additive'

Several steamed bun shops that carry the name of a well-known chain have been accused of illegally mixing essence into their meat stuffing to boost flavor. The use of essence in staple foods such as rice and buns is banned, according to China's food hygiene rules. Yet, the owner ...

32 held in 'gutter oil' crackdown

Police have detained 32 people in a nationwide crackdown on "gutter oil", the Ministry of Public Security said in a statement on Sept 13. "Gutter oil" is illegally recycled cooking oil, often scooped up from sewage drains and gutters behind cooking establishments and then sold to ...

Corn crop headed for record

This year's corn crop is expected to reach a record high of more than 180 million tons, said a senior expert from a State think tank. But fast-growing domestic demand means that the bigger harvest is unlikely to offset the surging corn imports, which will probably show a "mild ...

Foreigners buying more than half luxury apartments in Singapore

Foreigners are buying about 60 percent of the luxury apartments with a price tag of more than 5 million Singapore dollars (4.1 million U.S. dollars) in the first half of the year, local daily Straits Times reported on Monday. Foreigners, including permanent residents, bought 162 ...

Nike admits to false advertising

Nike China, a leading sportswear and equipment supplier, released a statement on Thursday admitting to false advertising, Caixin.com reported. The advertisement was for Nike Zoom Hyperdunk 2011, which has been on sale since the end of July, according to Caixin.com. Nike said in a ...

China's Lashou planning US IPO

China's leading group-buying website Lashou.com is planning an initial public offering in the US, but has not yet set a timeline, Bloomberg reported. The company is looking for advisers to replace Morgan Stanley and Goldman Sachs, which are underwriting the IPO of rival Groupon ...

Substandard mooncakes found in China

China's top quality regulator on Sept 7 reported six kinds of substandard mooncakes following examinations on nearly 300 different products just days before annual Mid-Autumn Festival begins. High bacterial content was found in mooncakes produced by several companies, including ...

360buy.com plans IPO

Chinese online retailer Jingdong Mall is set to kick off an IPO process next week that could be the most daring bet yet on US investors' appetite for Chinese stocks. The company, also known by the name of 360buy.com, plans to raise $4 billion to $5 billion in an IPO tentatively ...

Websites closed for fake goods

China's industry and commerce supervisory body on Wednesday said that nearly 1,200 websites selling fake goods have been closed. The State Administration for Industry and Commerce (SAIC) said that local authorities have checked a total of 504,728 websites on the Internet since ...

Land prices in Chinese cities fall in August

Land prices and transaction volumes both declined on a monthly basis in Chinese cities amid a sluggish market last month, a research institute said Sunday. The China Index Academy (CIA), a Beijing-based company that studies China's property market, said in a report that the ...

China Vanke sales fall 12.6 pct in August

China Vanke Co., the country's largest property developer by market value, said Monday that its sales for August fell 12.6 percent from a year earlier. Sales stood at 10.48 billion yuan (1.64 billion U.S. dollars) in August, the company said in a statement to the Shenzhen Stock ...

Survey reveals more confidence in milk products

Consumer confidence in liquid milk products in China is gradually being restored, according to a survey released by the China Association for Quality on Saturday. Covering 24 brands across 22 large- and medium-sized cities, the survey shows that the confidence index stands at 75...

Home prices fall in major cities

Property prices in China's first-tier cities declined 0.41 percent in August, the first month-on-month drop since September 2010, statistics released on Thursday by the China Index Academy show. According to the Beijing-based property research institution, the average property ...

'True love tax' revoked

The Ministry of Finance has stepped in to save Chinese husbands a fortune in proving that they love their wives, and vice versa. A recent change in China's marriage law rules that husbands and wives have no claim on property bought by their partners unless their names are on the ...

Worst August in 7 years for new housing sales

New home sales in Shanghai dropped to the lowest in August in seven years as tighter purchase restrictions eroded further an already slack buying sentiment. Sales of new homes, excluding affordable housing, fell to 576,000 square meters last month, the lowest August volume ...

New homes prices dip in Aug

Forty-four major Chinese cities saw prices for new homes fall in August as the result of tightening measures put in place by the government to cool the country's property market, according to the data published by the China Index Academy (CIA) on Thursday. On a month-on-month ...

Services boom for Urumqi

Domestic investment in Urumqi, the capital of the Xinjiang Uygur autonomous region is set to boom within the next few years. That increase will be focused on the service industry, as a result of the first China-Eurasia Expo (CAE Expo), which will be held between Sept 1 and 5 in ...
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china

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company

industry

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trade

sports

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