world

More Chinese cities reported lower or unchanged property prices in June, which suggests that the government's cooling measures have begun to work, data showed on Monday. Twenty-six cities out of a statistical pool of 70 major cities saw new home prices decline or remain unchanged ...
China's pork prices rose 0.2 percent for the week ending July 17 from the previous week, but the price growth fell by 2.1 percentage points, the Ministry of Commerce (MOC) announced Monday. High pork prices have become a big concern for the nation as the consumer price index, the ...
Authorities have told traditional Chinese medicine (TCM) ingredient vendors and distributors to unload their stockpiles within designated time limits in order to cool surging prices. Fifty-four companies were ordered to unload a total of 1,000 tons of pilose asiabell root, an ...
China's top price regulator on Monday issued an ultimatum to the country's herbal medicine speculators, ordering them to quickly sell their stocks, as the prices of some herbs have surged as many as 10 times over the past two years. The crackdown on traditional Chinese medicine ...
A controversial product recall started Sunday by consumer goods giant Procter & Gamble Co (P&G) in China has sparked criticism of the company's recall policy, which some say violates consumer rights. P&G has detected possible microbial contamination in its Oral-B mouthwash ...
China's housing authority has launched investigations into excessive housing price rises in second- and third-tier cities. Based on its findings, restrictions on house purchases, already in force in some major metropolitan areas, will be extended, according to a report in China ...
China's major home-appliance makers have found a new source of profit as they cash in on the lucrative real estate sector, industry experts said. Home-appliance producer Zhejiang Supor Co Ltd plans to invest 1.5 billion yuan ($232 million) in the central business district area in ...
China will restrict house purchases in more second- and third-tier cities that witness excessive property price growth, reflecting its determination to avert a speculative real estate bubble. According to a statement posted on the central government's official website (www.gov.cn...
Cheung Kong (Holdings) Ltd unveiled its latest development plans in Shanghai on Thursday. Analysts said the current purchasing restrictions on residential properties won't shake cash-rich companies and China's solid economic growth will ensure long-term investment in the property ...
COFCO Corporation bought another 142 million shares of China Mengniu Diary Co Ltd for around HK$3.59 billion ($461 million), raising its stake in the dairy producer to 28.04 percent, the Shanghai Securities News reported Friday. COFCO may have bought the shares from Yinniu, ...
Starbucks Coffee will launch a joint venture with a Chinese coffee-growing company later this year as the two sides signed a business cooperation memorandum of understanding (MOU) Thursday. John Culver, president of Starbucks Coffee International, signed the deal with Liu Minghui...
Shanghai's market watchdog has ordered DaVinci Furniture Ltd to stop selling products bearing the Cappelletti brand because of "fake ads" and "unqualified labels." The Shanghai Industrial and Commercial Administrative Bureau has sealed 188 pieces of Cappelletti furniture in the ...
The suppliers of major clothing brands, including sportswear giants Adidas, Nike and Li Ning, are polluting rivers part of the Yangtze and Pearl River deltas in China, said Greenpeace in its report on Wednesday. Hazardous chemicals with hormone-disrupting properties have been ...
Chinese e-commerce company Alibaba.com Ltd said on Thursday that it has signed an agreement with payment provider Western Union for its AliExpress wholesale platform. Alibaba.com ended its partnership with PayPal, the online payment unit of Ebay Inc, last month after PayPal ...
China's property investments continued to grow at a rapid pace in the first six months of this year despite tough policies designed to cool the market by curbing speculative real estate purchases. However, some of the growth can be pegged to the welcome construction of economical...
Vacancies in Beijing's Grade A office market fell to a 20-year low and rents neared a record high in the second quarter, lifted by strong business demand, industry analysts said on Tuesday. The overall vacancy rate declined 2.6 percentage points quarter-on-quarter to 8.3 percent, ...
The Chinese government announced a new fiscal support policy that will increase the country's supply of live pigs, which is expected to drive down pork prices and ease inflation worries, according to a meeting of the State Council, or China's cabinet, held on Wednesday. Recent ...
A plan by Pfizer Inc to shed its nutrition unit, which includes the major infant formula milk maker Wyeth LLC, could shake up the market for this baby product, industry analysts said. Last week, Pfizer, the world's largest drugmaker, said it would shed its animal health and ...
A retailer of expensive furniture yesterday insisted that all the Italian brands it sold had been produced in Italy, despite claims it was manufactured in China. At an exhibition in Beijing, Doris Phua, CEO of Shanghai-based DaVinci Furniture Ltd, said: "All what CCTV said was ...
Premier Wen Jiabao told government departments to take immediate measures to support pork production and increase supplies to prevent a surge in the price of the meat, a key factor pushing up China's inflation rate. During a weekend visit to Shaanxi province, Wen said that ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
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
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...