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Guangzhou curbs home buys

South China's Guangzhou City yesterday unveiled its rules to restrict home purchases, becoming the latest city in the country to implement such bans following a central government call to rein in soaring housing prices. Effective today, local families who have one home only and ...

Overseas online purchasing comes into fashion

A customer shops at a counter providing overseas purchasing services in Beijing Modern Plaza in this file photo taken in 2009. [China Daily] Attractive price and range of goods lure shoppers seeking a better deal, Gao Qihui reports in Beijing. Jia Huiyi, a 27-year-old woman ...

Tightening measures hurt foreign investors

China's latest round of measures to curb property price growth has had a negative effect on foreign institutional investors, industry experts said on Thursday. "We've investigated a number of projects since the last quarter of 2010. Though reducing market liquidity has made the ...

China Cord Blood Corporation announces expansion into Zhejiang Province

Golden Meditech Holdings Limited, China's leading integrated healthcare enterprise, is pleased to announce that the Group's NYSE-listed affiliate, China Cord Blood Corporation has made a major advancement in domestic market expansion, via the inauguration of Zhejiang Cord Blood ...

Yacht sellers feeling sunk by tax proposal

Owners of yachts - a luxury that is gaining popularity among China's newly rich - will have to pay an annual vessel tax based on the length of their craft if a draft law is passed by the top legislature. The latest draft of the vehicles and vessels taxation law was submitted to ...

Suning eyes lift

Suning Appliance Co yesterday announced a plan to lift sales of its online store by four times this year. China's largest electrical appliance retailer by number of stores said it would add daily household necessities to the online store while expanding its core business in ...

Chongqing to splash out on fleet of luxury cruise ships

A State-owned enterprise in Chongqing Municipality will invest 2 billion yuan ($304.2 million) before 2012 to build 10 luxury inland river cruise ships large enough for helicopters to land on. According to a report in the Chongqing Evening News Wednesday, the Chongqing Traffic & ...

14 state firms exit property under order

Fourteen of the 78 state-owned firms whose core business is not real estate pulled out of the property market last year following a central government order in March, a senior government official said yesterday. Another more than 20 companies are expected to follow suit this year...

Hong Kong to increase land supply to curb assets bubbles

Hong Kong will increase the land supply for both the private housing development and the public housing, to reduce the risk of a property bubble posed by excessive liquidity and exceptionally low interest rates, said Hong Kong's top financial official in his annual budget speech ...

Work starts on Caribbean's biggest luxury tourism resort

Work has finally started, with Chinese funding and engineering expertise, on a multi-billion-dollar upscale tourism resort The Bahamias that will be the biggest luxury resort in the entire Caribbean, after several financial and other challenges over the past five years. A ground ...

Moutai buyers in high spirits

A man looks at the Moutai displayed in the glass cabinate. A small bottle of vintage Chinese spirit sitting in a timeworn cupboard of a house in Shanghai has turned out to be worth more than one million yuan ($152,000) as China's Moutai auction market heats up. Shanghai ...

Nike unveils distribution mega center

Nike Inc unveiled its biggest logistics center in Asia in Jiangsu province on Tuesday, as the US sportswear and equipment maker envisages rapid growth in its second-biggest market worldwide. The 200,000 square-meter logistics center in the city of Taicang, Jiangsu province, is ...

Best Buy re-evaluates strategy

The consumer electronics retailer Best Buy said on Tuesday that it will close its retail headquarters in Shanghai, along with nine of its stores in China. Industry insiders said Best Buy's business strategy hampered the expansion of its branded stores in the Chinese market. The ...

China to let 20 more SOEs fully exit real estate business this year

More than 20 centrally administered state-owned enterprises (SOEs), whose core business is not property, will fully exit the real estate business this year. Shao Ning, deputy chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)...

Savills aims to double business volume in China

China's increasing spending power and its unprecedented urbanization campaign are providing great opportunities for property services companies at home and abroad. UK-based Savills is shifting its focus in China by offering more professional property services to its clients to ...

SOE's shedding real estate assets

Workers prepare a booth for the State-owned MCC Real Estate at a property exhibition in Beijing. More than 20 State-owned property companies have already withdrawn from the market in accordance with instructions from SASAC. [China Daily ] More than 20 State-owned companies whose ...

Carrefour, Wal-Mart fined 9.5 mln yuan for price fraud

Nineteen stores of Carrefour and Wal-Mart in China were fined 9.5 million yuan (1.45 million U.S. dollars) for cheating consumers over prices, said China's economic planner and price regulator Tuesday. The National Development and Reform Commission (NDRC) disclosed the cases of ...

Staff's shock shared by customers

More than 1,000 workers were left without jobs after retail giant Best Buy closed its six Shanghai stores yesterday. Several dozen staff gathered in front of the company's Xujiahui outlet yesterday morning, demanding their jobs back or better compensation. They said they only ...

Best Buy closes China outlets

U.S. consumer electronics retailer Best Buy Co. Inc. has closed all nine outlets on the Chinese mainland, plus its regional retail headquarters in Shanghai. U.S. consumer electronics retailer Best Buy Co. Inc. has closed all nine outlets on the Chinese mainland, plus its regional ...

Ignite Media partners with MMG to promote winter theme park

Two principal companies of Ignite Media Group (www.igniteasia.com) are teaming up with MMG Productions to promote a new winter entertainment complex at Macau's Fisherman's Wharf. Macau-based MMG Productions has completed the first of its attractions at the Wharf -- The Ice ...
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Latest World News

china

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
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Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

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
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 ...

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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