world

Potential home buyers waiting for an appreciable drop in property prices may have to bide their time longer than they anticipated. There's no sign yet that property developers are capitulating on price despite a relentless government crackdown on the housing market. At the recent ...
Nearly 95 percent of cities and regions in China have not released their 2011 targets for housing-price control as of Friday, a week from the deadline. On Jan 26, the central government launched a series of tightening measures to cool down the real estate market, including price ...
Beer drinkers in China may soon have to pay more to raise their glasses because major brewers, including Suntory and Snow Beer, are considering plans to raise prices in response to higher costs of raw materials. China Resources Enterprise, which produces China's top beer brand ...
Overseas vistors at a real estate exhibition in Beijing. According to foreign real estate funds, there will be good buying opportunities in the coming six to 12 months. [China Daily] The coming six to 12 months will present good investment opportunities in China's property sector ...
A crescendo of voices builds on a typically bustling day in the Shanghai headquarters of Ctrip.com as staff put together hundreds of tourist trips. It is the sound of China's travel boom. Call after call comes in to Asia's largest travel call center from mainly Chinese consumers, ...
Beijing's villa owners who refuse to demolish illegal structures are to be fined and banned from putting their properties on the market. From April 1, authorities can even cut off power and water supplies to rule breakers' homes under new regulations aimed at clamping down on ...
China's top economic planner told developers and real estate agents on Tuesday not to use underhanded means to sell property, as Beijing continues efforts to cool the country's real estate market. Anyone trying to sell a property "must not use false or nonstandard price labels to ...
Carrefour Shanghai has 4,700 workers, accounting for 70 percent of Carrefour's workforce. [CFP] French retailer Carrefour yesterday reached an agreement with its workers in Shanghai to raise wages by 8 percent after two months of negotiations. According to the agreement, about 4...
Washing products on shelves in a supermarket in Nanjing, eastern China. [CFP] Daily cosmetics companies in China are planning to raise prices of their products due to hiking raw material costs, led by international giants Procter & Gamble (P&G) and Unilever, the China Business ...
Buying sentiment for new homes continued to be sluggish in Shanghai last week despite slight increases in the transaction volume and prices. Sales of new homes, excluding those built under the city's affordable housing programs, rose 11.5 percent to 70,000 square meters last week...
With eyes on the popular Chinese motel chain that could fetch up to $1 billion, the top four Chinese budget hoteliers, 7 Days Group Holding Ltd, Shanghai International Jin Jiang Hotel Group,. Hanting Hotel Group and Home Inns & Hotel Management Inc all indicated their interest in ...
Despite the closure of the United States-based Best Buy Co Inc's branded-stores in China, multinational companies are keeping a close eye on the electrical appliances and electronic products retailing business in China amid aspirations to open more stores to cash in on the ...
A growing number of Chinese cities experienced a decline in property prices or a slowdown in growth during February. That's as the government's tightening measures began to take effect, according to statistics from the National Bureau of Statistics (NBS) on Friday. Property ...
Home prices in most major Chinese cities continued to rise month on month in February despite government efforts to cool the property market, according to the National Bureau of Statistics (NBS) Friday. Month-on-month price declines of new commercial homes were reported only in ...
Visitors at the annual Shanghai Spring Real Estate Fair on Thursday. Overseas properties are the highlight of this year's event.[China Daily] The annual Shanghai Spring Real Estate Fair, a traditional indicator of the city's housing market, kicked off on Thursday. Coming amid the ...
A China Auto Rental outlet in Beijing. The car rental markets has soared in recent months thanks to increasing demand following strict policies that have curbed private car usage in a number of cities, most notably in Beijing. [China Daily] The country's largest car rental agency...
China is preparing to introduce a fixed-sales-price regulation to rein in its white-hot property market, following the initial effects of recent tightening measures, a senior official with the National Development and Reform Commission (NDRC) said on Tuesday. Xu Kunlin, director...
Gome Electric Appliance Holdings said it would conduct checks after China's central television company reported the company's improper conduct during trade-in transactions. Staff from several GOME outlets in China's northern Tianjin and Beijing cities were allegedly selling trade...
Suning Appliance Co., China's biggest home appliance retailer by market value, witnessed a 38.82 percent year-on-year net profit jump in 2010. In its annual business report filed to the Shenzhen Stock Exchange Wednesday, the Nanjing-based company said its net profit hit 4.01 ...
Potential buyers examine a model of a residential property development at a housing fair in Shanghai. More brand name property developers have started offering discounts on newly opened projects, with some of them more than 20 percent lower than the original prices. Property ...
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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 ...