world

China's Ministry of Housing and Urban-Rural Development announced it would raise the Public Housing Fund (PHF) lending rates for home buyers beginning Wednesday. Rates for loans with a maturity of five years or less under the PHF scheme would be raised from 4 percent to 4.2 ...
The Chinese properties market is becoming a major destination for investors around the world. And the Asia-Pacific market may attract $104 billion this year, China Economic Weekly reported Wednesday. DTZ Holdings Plc said Tuesday the Asia-Pacific market this year may witness a 45...
Sales revenue of home appliances in rural China last month surged 179 percent year on year to 34.48 billion yuan (5.26 billion U.S. dollars), boosted by a nationwide subsidy program for rural consumers, official data showed Wednesday. In March, 14.7 million subsidized home ...
Walt Disney Co. will break ground on its long-anticipated theme park and resort in Shanghai Friday, according to the deputy director of Pudong New Area, after years of negotiations with the central government. "The 24.5 billion-yuan investment ($3.74 billion) for the Disneyland ...
China's real estate has felt the impact from the tightening policies as sales slipped in China's key cities last month compared with the samed period of last year, said a report by China Index Academy on Tuesday. Among the 30 large- and medium-sized cities the academy monitors, ...
House trading has remained largely lukewarm in Beijing since the nation's capital promulgated a series of purchase limit policies on Feb.16 to help cap the soaring home prices. Latest statistics from the city's real estate trading management network show that in the first quarter ...
SOHO China, a major real estate developer in the country, announced today that it had signed an agreement with a Shanghai company to buy a plot in the city's Caojiadu area for 1.634 billion yuan (US$249 million). The deal, not secure yet until the 14,832-square-meter land becomes ...
A total of 49 Chinese cities have defied a central government order by failing to announce their property price control measures for 2011 before Friday. The Ministry of Housing and Urban-Rural Development yesterday said 608 cities, or 92.5 percent of those required to outline ...
New home sales may have more than doubled in Shanghai in March compared to February amid a soaring supply as well as a recovery in sentiment among buyers. Sales of new residential units, excluding those built under the city's affordable housing programs, might reach some 400,000 ...
China faces a significant challenge as local governments have failed to please home buyers by rolling out home price control targets linked with economic growth or disposable income growth, experts said on Friday. "Local governments have to make a tough choice between netting ...
Only roughly one-eighth of Chinese cities revealed their property price-growth targets on Thursday - the deadline set by the central government. However, industry analysts said a move such as targets is unlikely to curb property price growth. Among all the cities that revealed ...
Beijing maps out ambitious home price control target Beijing is determined to stabilize or lower new home prices in 2011 with what is considered the most ambitious housing price control target among those issued by more than 40 Chinese cities. The municipal government will keep ...
Home prices in some of China's major cities, such as Beijing, have more than doubled over the past two years due to easy credit and low lending rates. With just several days to go before deadline, China's first-tier cities- Shanghai, Beijing, Guangzhou and Shenzhen- finally broke ...
China is expected to overtake Japan and become the world's second-largest travel and tourism market, at home and abroad, by 2013. That's according to a report released by the Boston Consulting Group (BCG) on Wednesday. China currently accounts for 6 percent of revenue from global ...
A worker at a construction site of an affordable-housing project in Shanghai's Putuo district. The city intends to keep the rate of price increases in newly built homes lower than the city's GDP growth rate and per capita annual household income.[China Daily] The Shanghai ...
The increase in new home prices this year should be smaller than increases in the Shanghai's annual economic growth or local residents' incomes, the Shanghai government said last night, just a few days before a central government deadline. It also said that more affordable homes ...
The price authority of a southeastern city had imposed a penalty on a land developer for improperly pushing up housing prices, according to a statement released Monday by China's National Development and Reform Commission (NDRC). The price bureau of Ganzhou City in Jiangxi ...
Hong Kong's Buildings Department approved 49 building plans in February, of which 32 were for apartment and apartment-commercial developments, said the authority Monday. Among the other plans, five were commercial, five were factory and industrial, and seven were for community ...
The nuclear power plant in Daya Bay near Shenzhen. Mounting concern over nuclear safety has left the construction of many homes unfinished near the reactors. [China Daily] Nuclear reactors adjacent to China's Daya Bay may help to turn the lights on in the nearby metropolitan ...
People pack Japanese milk powder containers into shopping bags in Hong Kong two days after the earthquake in Japan. The threat of nuclear radiation leaks from a damaged plant have stoked Chinese concerns about food supplies from Japan. [China Daily via agencies] At least 20 ...
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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 ...