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Hilton targets Chinese market as its top priority

The international five-star luxury hotel chain Hilton Hotels & Resorts plans to open about 100 new outlets in China in the next five years to extend its business into the nation's second- and third-tier cities. The company's Chief Executive Officer Dave Horton told China Daily ...

More Chinese cities see home prices down in March

More Chinese cities saw month-on-month declines in housing prices in March as the government continued its efforts to cool the property market, according to a statement from the National Bureau of Statistics (NBS) on Monday. Month-on-month prices for new homes declined in 12 of ...

Home prices decline further in March

Home prices in more Chinese cities declined month-on-month last month as the government beefed up its efforts to cool the market, according to the National Bureau of Statistics (NBS) Monday. 12 cities reported month-on-month price declines of new commercial homes out of the NBS' ...

After Sinopec's drinks bill, a cheap land deal

Sinopec recently the target of public anger for spending huge sums on expensive alcohol, is reported to have bought land in Beijing at an extremely low price and to have run a five-star hotel on it without a license for two years. In 2006, a unit of Sinopec spent 50 million yuan ...

China's property market hits a stalemate

China's property market seems to have reached a stalemate, with buyers waiting for price drops and developers postponing sales. Any development hinges on the government's ability to turn its vision into reality. The State Council, or China's Cabinet, last week pledged to maintain ...

Indulging in plenty of horseplay

Huang Shizhong has to drive three hours one way almost every weekend to take his daughter from their home in Tianjin to Beijing to satisfy the little girl's ambition of riding horses and playing polo. His daughter, Huang Shoutong, started riding when she was 6 years old and her ...

China's leading toothpaste maker posts 35% decline in profit

Liuzhou Liangmianzhen, one of China's leading makers of oral hygiene products, posted on Sunday a decline of 35 percent in net profit in 2010 on soaring costs and fierce competition. Net profit totaled 10.83 million yuan (1.66 million U.S. dollars), and earnings per share stood ...

Faced with delisting, TCM firm tries to survive EU ban

The Foci Pharmaceutical Company, based in the city of Lanzhou in Gansu Province, is applying for the Swedish drug administration to authorize of one of its products, a pill-form of concentrated Chinese angelica. As the world's biggest herbal medicine market, the European Union ...

Property price rises will 'boost the retail sector'

The opening of Suzhou Spring Housing Fair on Friday in Jiangsu province. In 2010, the land supply for affordable housing in China soared 124.5 percent year-on-year to 24,700 hectares. [China Daily] The high price of Chinese real estate will boost, rather than dampen, consumer ...

Taiwan approves luxury tax to shrink property bubble

Taiwan's legislative authorities on Friday approved a tax regulation mainly aimed at cooling down housing prices on the island. The regulation, formally called taxation on special commodities and services, rules that resales of non-owner-occupied properties within one year after ...

Vantone to invest 15b yuan in commercial property ventures

Vantone Real Estate Co Ltd, a leading property developer based in Beijing, plans to invest 15 billion yuan ($2.27 billion) over five years to develop commercial properties, according to the company's top management on Thursday. "We will develop more than 1 million square meters ...

China's food makers receive surging orders from Japan

China's food producers are receiving surging orders from Japan after the devastating earthquake and tsunami hurt the agricultural sector of Japan and the ensuing nuclear radiation raised consumers' concerns about the safety of home-grown products. A slew of food companies in ...

MNCs help boost Shanghai office rents

Grade A office rents in Shanghai's Puxi area rose the fastest in six years in the first quarter of this year as multinational companies (MNCs) continued to expand aggressively while those in Pudong New Area across the Huangpu River also grew steadily, major real estate service ...

China lists uninhabited islands available for development

China's State Oceanic Administration (SOA) on Tuesday released its first list of the country's uninhabited islands available for development by enterprises or individuals. A total of 176 islands in seven coastal provinces and one autonomous region are open for the public to ...

Property developers cash-starved amid gov't tightening

Chinese property developers are suffering from a slump in cash flow amid government tightening measures meant to battle rising inflation and rein in speculation in the housing market, according to a report by a financial information provider. The free cash flow of the 84 property ...

Vanke to build cheap homes

A booth of China Vanke Co Ltd at a property expo in Beijing. The company on Monday signed a deal with the department of housing and urban-rural development of Hebei province to build between 6,000 and 8,000 government-subsidized apartments in the province. [China Daily] China ...

Li Ka-shing's yuan REIT bets on yield

Billionaire Li Ka-shing's yuan-denominated property trust was launched yesterday, counting on demand from yield-hungry investors looking to benefit from growth in the country's real estate market. Hui Xian, as the real estate investment trust (REIT) is called, could raise up to ...

Overseas property vendors eager to sell in Beijing

The number of overseas property projects exhibited at the ongoing spring session of the Beijing Real Estate Expo doubled to more than 80 from last year, said the Expo's organizers on Thursday. The Expo, which kicked off on Thursday, attracted overseas vendors from more than 20 ...

Teams go to 16 places to check property prices

China's State Council has sent eight inspection teams to monitor the real estate markets in 16 places. The action comes after local authorities across the country placed limits on the number of houses residents can buy, raised lending rates, set price caps on real estate and ...

Work starts today for Disneyland

A ground breaking ceremony will take place in Pudong today to mark work getting under way on the first Disneyland on China's mainland. And more details of the Shanghai project - including the timescale, investment and ticket prices - are due to be unveiled today, according to the ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
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Bill Gates talks nuclear
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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
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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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