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China to be sixth largest wine market by 2014

With its culture of liquor that has lasted for thousands of years, China is seeing more people converting to drinking grape wine. "China is now the world's seventh largest consumer of wine in terms of volume. It is likely to become the sixth largest by 2014, " said Robert Beynat, ...

Home price growth slowed in February

A view of high-rise buildings under construction. [CFP] China's home prices rose 0.5 percent in February, the slowest monthly gain since August, after the government increased efforts to curb risks of asset bubbles, said SouFun Holdings Ltd. Residential prices rose in 80 out of ...

Money matters: Cities must allocate for low-cost housing

Squeezed [By Jiao Haiyang/China.org.cn] China's Ministry of Housing and Urban-Rural Development recently required all the provinces to build new indemnificatory housing, throwing local authorities a curveball. A recent media report quoted Huang Jinfeng, the deputy director of ...

Beijing land sales down month on month in Jan.-Feb.

Land sales in Beijing plunged month on month in the first two months of this year, the municipal bureau of land and resources said Tuesday. This came due to seasonal factors and the toughest measure ever to restrict home purchases, analysts said. The Beijing municipal government ...

UMB Asia launches B2B trade portal

UBM Asia relaunched today AsiaFJA.com, the leading B2B trade portal for fashion jewellery and accessories professionals. "We now offer a faster and simpler interface to find wholesale fashion jewellery and engage with suppliers and manufacturers. Sourcing professionals can expect ...

Suning eyes more stores

Suning Appliance Co Ltd, China's biggest home appliance retailer by market value, achieved a net profit of 4 billion yuan ($609 million) in 2010 and will step up its expansion in both traditional and online commerce. According to its filing statement to the Shenzhen Stock ...

Tesco signs JV for malls

Tesco, the world's third-biggest retailer, has signed a joint venture to build three more shopping malls in China as part of its plans to rapidly expand in the country. The British supermarket group said yesterday that 50 percent of the venture would be owned by a consortium of ...

Groupon begins Chinese operations

The daily-deals website Groupon went live in China on Monday, bringing its popular brand of Internet retailing to the world's most populous nation. Its portal, GaoPeng.com, is funded by Groupon, the Tencent Collaboration Fund and Yunfeng Capital, and will begin accepting e-mail ...

Property tax program to go nationwide

China is to accelerate its property tax pilot reform and gradually expand it to national level, the General Office of the Standing Committee of the National People's Congress(NPC), the country's top legislature, said in an official statement Sunday. The office, citing a report ...

Subsidized homes inventory building

China plans to build 36 million government-subsidized apartments in the coming five years, including 10 million in 2011, so more will be available for low-income residents, Premier Wen Jiabao said on Sunday. He made the pledge while responding to netizens' comments about the ...

Wen reiterates determination to cool property sector

Chinese Premier Wen Jiabao Sunday reiterated his determination to tame the country's runaway housing prices during his tenure, which is to end in March 2013. Chinese Premier Wen Jiabao (L) holds an online chat with Internet users at two state news portals in Beijing, capital of ...

Gaokao trainers foresee a bright future

A large billboard stands in the lobby of a Beijing training organization advertising various educational programs for high school students to study at overseas universities. [China Daily] With the beginning of a new semester, many education-training agencies are seeking to boost ...

How to cope with an old-age problem

Zuo Ping bitterly regrets not seeing more of his parents during the last years of their lives so when he returned to China after two decades in the United States he was determined to set up a business helping the elderly. "Caring for the old is important but there are not many ...

Health supplements bring in the business

The fact that people are enjoying rising disposable incomes and living for longer is triggering a surge in the demand for health foods among the elderly who want to enjoy a healthy retirement. However, experts are advising senior citizens to be cautious when choosing which food ...

China's national liquor Maotai hot on auction

Over one hundred bottles of bonded Maotai, China's national liquor served at official occasions and state banquets, were sold for a total of 5.22 million yuan (791,000 U.S. dollars) at a liquor auction held in Shanghai on Sunday. The auctioned items were mostly brewed in the ...

Yunnan earns more from tourism

Southwest China's Yunnan Province earned 100.6 billion yuan (15.2 billion U.S. dollars) through tourism in 2010, including 1.32 billion U.S. dollars from overseas visitors, the local tourism bureau said Sunday. The total tourism revenue was up from 43 billion yuan in 2005, and ...

Best Buys' 3pm opening leaves hundreds waiting

Hundreds of consumers had to wait hours when a branch of electrical retail giant Best Buy failed to open until 3pm Friday to deal with their concerns. Best Buy closed its nine outlets in China on Tuesday, including six in Shanghai, citing "a change of business strategy." Two city ...

Island sets course to crack yacht market

Yachts lie alongside the Wanmeiyuan International Yacht Wharf in Haikou, the capital city of Hainan Province. [hinews.cn] As China's nouveau riche continues to develop a taste for yachting, tourism officials in Hainan hope the fledging industry will give the island province the ...

HK to increase housing supply by 59,000 units in 4 years

A total of 59,000 residential units will be completed in Hong Kong over the next three to four years, said the authority Hong Kong on Friday. Speaking at a radio talk show, Secretary for Development Carrie Lam said the supply comes from three sources, units which have been ...

Nod for building plans to boost land stock

Hong Kong's Buildings Department yesterday said it approved 34 building plans in January to increase the city's land supply amid soaring housing prices. Among the newly approved plans, 22 were for apartment and apartment-commercial developments, according to the department. Among ...
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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
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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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
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trade

sports

Stars 'Big Three' fall short of title in 1st year
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Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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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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