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Retail chain to open more stores: Parkson Retail Group Ltd., the Beijing-based department-store chain controlled by Malaysia's Lion Group, will accelerate its expansion in China in the next three years. The company will open 8 to 9 stores a year through 2013, after opening 5 last year, Managing Director Alfred ...

Stress put on cheap housing: Residents in a low-rent residential community in Southwest China's Chongqing municipality play table tennis on Jan 17. [Xinhua] The central government has signed strict agreements with provincial governments to guarantee that they will meet a target calling for the construction ...

Honz charges Johnson&Johnson's of unfair play: Hainan Honz Pharmaceutical Co., Ltd., is accusing Johnson&Johnson's of unfair competition by spreading false information to misled consumers. Honz said to reserve the right to take legal actions to rumor mongers. Honz said that false information of Honz's product, Nimesulide, an ...

China to be world's top grocery market: China will overtake the US to become the world's biggest grocery market next year and by 2015 it will be joined in the top five by Russia, as well as India and Brazil, according to a study published Saturday. International food and grocery analyst IGD forecasts China's grocery ...

New rules to support housing tax: An array of cities in China have announced measures aimed at curbing the growth of housing prices, leading a nationwide campaign to deflate bubbles in the red-hot real estate market. In Shanghai, local housing authorities on Saturday revealed the details of measures meant to curb ...

Baby boom fuels gold rush: A child stands in front of imported milk powder products on shelves at a shop in Nanjing, capital city of East China's Jiangsu province. Prompted by increased consumption, overseas manufacturers are leaving no stone unturned to cash in on the country's "fourth baby boom" expected ...

Fashion, but at a bargain price: Customers examine clothes at Yansha Outlets in Beijing. It was the first factory outlets mall in China, and was opened by Yansha Youyi Shopping City nine years ago. International luxury brands are attaching great importance to the new shopping style for Chinese customers. [China ...

Fast tracks help boost China's tourism industry: Miao ethnic women dance at a festival in Guiyang, Guizhou province. [China Daily] China's proliferation of high-speed railways has become a driving engine of its tourism sector. The tracks, which currently stretch 8,358 kilometers, facilitate trains which operate at some of the ...

China aims for No 1 in welcoming the world: China's travel industry will shift focus from the country's places to its people this year, according to a recent announcement by the China National Tourism Office (CNTO). "China Culture Tour 2011" is its theme this year and, "Travel to appreciate and experience Chinese culture" ...

Home sales slump in Shanghai on cooling measures: The sales of commercial homes in 2010 fell 42.4 percent from that in 2009 in Shanghai after authorities moved to cool down the property market. Commercial housing sales dropped to 16.85 million square meters in 2010, according to a statement released Friday by the Shanghai ...

More Chinese cities limit home purchases: Shanghai and several other Chinese cities have moved to restrict home purchases in a bid to deflate bubbles in the real estate market. The rules, which were revealed by Shanghai's Housing Guarantee and Administration Bureau on Saturday, prohibits new home purchases from locally...

Home prices rise under new calculation scheme: China's statistics agency said on Friday that under its readjusted calculation system, prices of newly-built properties in the nation's major 70 cities continued to rise in January. Ten cities out of the 70 surveyed reported more than a 10 percent price increase from a year ago, ...

Mori Group plans to sell commercial space in Shanghai: In a break from its traditional "only for rent" operation of commercial properties, Japanese Mori Group, the developer of China's tallest building , the Shanghai World Financial Center (SWFC), decided to sell its office separately. The 492 meter high skyscraper has been plagued ...

Logistics missing the boat: A package is being prepared for shipment. Logistics sales revenue in 2010 reached 60 billion yuan ($9.1 billion), a 20 percent year-on-year increase. However, delivery capacity could not accommodate the gigantic demand from the 370 percent growth rate in e-commerce over the same ...

New rules on fees planned: China is drafting new rules to minimize disputes over fees and commissions between suppliers and retailers after global retailer Carrefour was accused of charging higher slotting allowances. A series of disputes between suppliers and retailers attracted high-level attention in ...

Best Buy rejects store closure 'rumor': The consumer-electronics retailer Best Buy's own-brand outlets are suffering difficulties in China, and experts say it's because the US-based company has not tailored itself to the local market. Beijing Business Today reported on Friday that Best Buy might consider closing its ...

China to release new house price survey scheme: NBS: China's statistics agency is to stop releasing the average overall home prices for 70 major cities under a new survey method launched this year. The National Bureau of Statistics (NBS) Wednesday claimed the new survey method would improve the reliability of its figures. January ...

Property developers raising cash abroad: China's major property developers have been stepping up their efforts to raise funds overseas in response to a gradually tightened cash flow, as the government's tightening real estate measures are expected to lead to a big drop in transactions. According to a report by Royal ...

Rules issued to limit house purchase: Beijing municipal government Wednesday issued new rules limiting the number of homes each family can buy as the government steps up efforts to cool the property market. The new rules prohibit new home purchases by Beijing families who own two or more apartments and non-Beijing ...

Central China county sees surging sales of apartments: Despite the central government's efforts to control soaring housing prices and speculation, residents in a small county in central China's Henan Province are rushing to purchase, even if the apartments are still "up in the air". Realtors in Guangshan County in Xinyang City sell ...

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Latest World News

china

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market

finance

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company

industry

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trade

sports

Stars 'Big Three' fall short of title in 1st year: Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...

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