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Fast-food giants eye Chinese dining

YUM! Brands Inc's proposed bid for China's Little Sheep Group Co, the operator of a hot-pot chain in China, is the latest sign that foreign companies are stepping up their forays into China's fast-food restaurant sector. Overseas fast-food chains have expanded operations in China ...

Gome falls on ex-chairman's comment

Gome Electrical Appliances Holding fell the most in three weeks in Hong Kong after a newspaper reported its former chairman as saying the firm's business model is defective and the stock has no prospects. In response, the Chinese mainland's second largest electric appliance ...

CCB tightens housing policy

China Construction Bank, the nation's biggest mortgage lender, has increased the down payment on first home to 40 percent in east China's Zhejiang Province, above the minimum 30 percent regulatory requirement. The bank has also increased the interest rate for first homes in ...

Marks & Spencer unveils plan for new Shanghai stores

The British-based apparel and luxury food retailer Marks & Spencer Group Plc (M&S) intends to open more stores in Shanghai to increase its market presence. Its latest outlet will cover an area of 3,700 square meters in the City Centre shopping mall in the city's Changning ...

Property developers struggle as gov't cools market

With the government's ongoing and persistent efforts to cool the red-hot property market, Chinese property developers are struggling to sell properties while becoming more encumbered with debt. Property developers struggle as gov't cools market The debt of the country's property ...

More Chinese buying luxury goods abroad

According to industry analysts, purchasers of luxury goods should receive one more lavish advantage, little tax. Analysts said the nation should adjust its marketplace for luxury goods to keep the overwhelming purchasing power of Chinese tourists in the country. "China should ...

Novel industries increase Chinese farmers' incomes

Newly developed industries like flower growing, online retailing and village tourism are helping Chinese farmers make a fortune. "I am earning much more by growing flowers than working for others in cities," said Yan Wanyu, a farmer who owns a flower bed of about two mu (0.13 ...

Coke's 20/20 vision for China

For Coca-Cola Co, a brand that has a presence in more than 200 countries worldwide, one thing remains: vision. And after 125 years, the beverage company continues to expand its presence globally. Coca-Cola displays its environmentally friendly bottles at an international green ...

May Day holiday retail sales up

China's key retail sales enterprises enjoyed brisk sales during the May Day holiday which lasted from April 30 to May 2, said the Ministry of Commerce (MOC) in a statement on Wednesday. During the holiday, the total sales volume surged 19.7 percent year on year, while the daily ...

Avon fires 4 executives over bribes in China

Avon recently fired four executives over corruption. Avon Products Inc., a leading U.S.-based cosmetic company, has recently fired four executives over bribery cases in China. Avon has started an internal investigation into corruption in a number of countries and found more ...

Bureau's housing figure 'not realistic'

A housing figure used by the country's statistics agency to calculate the cost of living for Chinese people has come under criticism for being unrealistic. The National Bureau of Statistics said in a recent report that Chinese mainland residents spent on average 111 yuan (US$17) ...

Gov't determined to take home prices to reasonable levels

Chinese Premier Wen Jiabao reiterated the government's determination to bring housing prices down to a reasonable level on a visit to a low-income housing construction site in Beijing Sunday. "We are determined to bring down the high-flying housing prices in some cities and make ...

Property sales rebound during holiday

China's major cities experienced a rebound in property sales during the recent Labour Day holiday period, while prices relatively remained stable, according to industry statistics on Tuesday. According to SouFun.com, the country's largest property website, 1,190 units of ...

SOEs to be involved in building affordable houses

China's authorities have ordered state-owned enterprises (SOEs) under the central government to be "actively involved" in building affordable houses as part of the country's effort to provide low-income residents with affordable homes. As part of its 12th five-year plan (2010...

Housing buyers hang back

The cat and mouse game between home buyers and real estate developers shows no sign of ending, as a "wait-and-see" sentiment prevailed at a Shanghai property fair that ends today. More than 100 property developers, including major market players such as China Vanke, Poly Real ...

Brands sell out in Hainan duty-free promotion

Thousands of tourists thronged to the official launch of a duty-free store in Sanya, Hainan Island on Monday, buying out brand name products including L'Oreal, Swatch, Est e Lauder, Chanel, Dior and Lancome. Some customers had lined up outside the shop since 5 in the morning, ...

Stay home locals push up holiday spending

Spending in Shanghai over this year's Labor Day holiday remained robust, despite a drop in tourist numbers, as more residents chose to stay in the city for the three-day break that ended yesterday. Sales in Shanghai's more than 4,000 large and medium-sized retailers reached 3.5 ...

Amazon builds 8th logistics base in China

Amazon.com, Inc., a U.S.-based e-commerce operator, will establish its eighth logistics base in east China's Jiangsu Province, local authorities said Monday. The 100,000-square-meter base is located in the Kunshan Huaqiao Economic Development Zone in the city of Kunshan, sources ...

Higher incomes lead to surging home prices

Rising household incomes in China are contributing to the surge in housing prices, in addition to loose credit policies and the practice of local governments' fund raising through selling land, People's Daily reported Friday, quoting scholars. Higher incomes gave residents ...

TCM presence challenged by EU herbal rule

As Traditional Chinese Medicine (TCM) is expanding its presence in the global market, a disputed European Union (EU) herbal directive to be fully implemented on Sunday could be a stumbling block on the road. As a 2004 European Union (EU) directive on herbal medicine is to be ...
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Latest World News

china

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 ...

market

finance

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 ...

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
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

trade

sports

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 ...
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