world

Barbie Shanghai, the world's first flagship store for the world's most famous doll, closed its doors yesterday, just two days before the iconic toy's 52nd birthday. Mattel Inc opened the store just two years ago, on March 6, 2009, on Shanghai's bustling Huaihai Road M. The six...
China will accelerate the reform of its tax system this year to shore up the transition of its economic growth pattern, said Xie Xuren, minister of finance, at a press conference during the National People's Congress (NPC) in Beijing on Monday. The government will replace sales ...
How many ways are there for a woman to lose weight and stay fit? Bai Lingling has probably tried them all. Accompanied by her husband and youngster, a woman tries out a jogging machine at a department store in Liaocheng, Shandong province. After the Spring Festival many Chinese ...
One month after Shanghai and Chongqing launched a pilot property tax project, a heated public debate is raging on whether such a tax should be introduced throughout the country. Two scholars differ in views. Liu Guiwen: A measure in the right direction The imposition of a ...
China will build a total of 36 million affordable houses over the next five years, a senior official said yesterday. Some 10 million affordable houses will be built this year and next, while another 16 million will go up in the three-year period ending in 2015, Xu Xianping, vice ...
The approved investment for the first phase of the Disneyland project in Shanghai stands at 24.5 billion yuan ($3.7 billion), Shanghai Mayor Han Zheng said Sunday. "I have read some media reports about the Disneyland investment, but they were incorrect," said Han while attending ...
Sichuan Haidilao Catering, a famous hot pot chain store. [CFP] Zhang Yong, founder and president of Sichuan Haidilao Catering Co Ltd, has a dream to make his spicy hot pot as internationally available and popular as McDonald's hamburgers and Starbucks' coffee. With a warm gleam ...
Alibaba.com promotes its brand at an Internet exhibition in Beijing. China's top e-commerce operator has been attempting to transform itself into a platform on which all processes of a business transaction can be made. [Photo: China Daily] Alibaba.com Ltd, the Chinese e-commerce ...
China Vanke, the country's largest property developer, said on Thursday that its property sales in February hit 6.08 billion yuan ($925.42 million), up 141.8 percent year on year. However, the figure was about 70 percent lower than January's record of 20.1 billion yuan. China ...
A woman walks past a shuttered real estate agency outlet on Weihai Road in downtown Shanghai yesterday. Albert Li, a nine-year veteran in the real estate industry, said February was probably one of the "coldest" months he could remember since moving to Shanghai from Xi'an, ...
Two global retail giants, Wal-Mart Stores Inc and Carrefour SA, have lost market share in China even as the domestic fast moving consumer goods market continued to grow, according to an industrial report yesterday. Driven by consumption growth and price inflation, China's FMCG ...
The rising price of land in China is prompting foreign private equity firms to cast an eye at the nation's funeral industry. The global private equity firm, Carlyle Group, has been investing in Shanghai Fushouyuan Group, one of the major funeral companies in China. Meanwhile on ...
People read rental listings in Beijing. Residents from overseas are also feeling the pressure from rising rental costs. The heating system broke down in Jason Klug's apartment a week ago, but the landlord said if Klug wanted heating, he would have to fix it himself. "It seems ...
Affordable housing tops the list of people's concerns according to an online survey ahead of China's annual sessions of political advisers and lawmakers. It's followed by income disparity, inflation, corruption and jobs. "People's concerns are down to earth and connected closely ...
More residents will soon qualify for the city's budget home program, after the government raised the minimum threshold for applicants. Under the new rating, families of three or more members with a monthly disposable income of no more than 3,300 yuan (US$506) per head and ...
China's non-manufacturing industries contracted in February for the first time in a year because of the week-long Lunar New Year holiday. The Non-Manufacturing Purchasing Managers' Index (PMI) dropped to 44.1 from 56.4 in January, the China Federation of Logistics and Purchasing ...
The U.S. retail giant Wal-Mart is keeping a close eye on China's booming online commerce market and will consider entering the e-commerce business, said the company's China Senior Business Director Liao Honghui on Tuesday. Liao made the remarks on the sidelines of the 9th ...
Sales of residential property in Shanghai hit the lowest point in February since 2006, according to a survey released on Tuesday by the Uwin Real Estate Research Center, a Shanghai-based information provider. The survey shows that the area of residential buildings sold in ...
Poly Real Estate Group Co Ltd, China's second largest property developer by market value, said Tuesday in its annual report that its 2010 net profit soared 39.8 percent from one year earlier to 4.92 billion yuan ($748 million). The surge was slower than the 57.19 percent increase ...
The German luxury hotel group Kempinski will open 20 hotels to reach a total of 30 by 2015, the hotelier's China president said on Tuesday. "We plan to have 30 hotels in China by 2015 and maintain the number in the following years," said Michael Henssler, president of Kempinski ...
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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 ...