world

China Vanke Co., the country's largest property developer by market value, announced on Sunday that its sales revenue in May decreased 20.2 percent from a year earlier amid the government's tightening moves. In a statement filed to the Shenzhen Stock Exchange, the developer said ...
The Chinese government will take into account the number of homes owned by each family, not each individual, when classifying second-home purchases, according to a statement posted Friday on the Ministry of Housing and Urban-Rural Development's website. A family's actual total ...
Hu Minyuan, a 30-year-old resident of Xi'an, who is set to tie the knot in October, has deferred plans to buy a house due to the high real estate prices. Instead, Hu and his bride-to-be will rent a house and wait for the right time to buy when prices drop considerably. "I know ...
Price of Shanghai's luxury residential properties remained strong over the past one-and-a-half months although transaction volume plunged amid weak market sentiment caused by a state-level crackdown on speculation in China's overheated housing market, according to a latest ...
Real estate on the Chinese mainland and Hong Kong retains a strong long-term allure despite current fears of a damaging bubble, according to an influential player in the regional market. Alastair Hughes, Asia-Pacific chief executive of Jones Lang LaSalle, a dominant presence in ...
China's booming housing market is a bubble, evidenced by a series of statistics and the actions the central government is taking, an economist said in Shanghai Saturday. "A series of indicators - including ratios of housing prices to people's income, to rent, and to construction ...
One-third of Chinese billionaires have businesses in real estate, a latest research report has found. The report, released by cuaa.net, an independent Chinese website focusing on alumni affairs, showed that half of the number of Chinese billionaires have businesses in three major ...
Four parcels of land in Beijing failed to be sold at auction because of a lack of bidders, indicating a slowdown in the property market, the Shanghai Security News reports. The city's land statistic center said on Monday the four parcels were all for business and commercial use, ...
China will collect house- and land-price appreciation taxes more "strictly" after the government released more-detailed tax rules Wednesday, the Shanghai Securities News reported Thursday. The new State Administration of Taxation circular signals more robust tax-collection after ...
Property shares led the gains on Monday as the mainland's key stock index experienced its biggest one-day rise in more than eight months. The surge came on hopes that tightening measures made by the central government had already released their negative energy. The Shanghai ...
Jia Kang, head of the Research Institute for Fiscal Science under the Ministry of Finance, denied Monday an earlier report that a new property tax would not come out within the next three years. The China Times report had quoted Huang Hanquan, a researcher at the National ...
China will not launch taxes on holdings of more than one residential apartment for at least another three years, a government think tank official has said. Meanwhile, many economists continue to warn that the country's economy could slow down amidst property tightening policies ...
The Philippine largest property company, Ayala Land Inc. (ALI), has became the fourth foreign real estate developer to join an "eco-city" development project in north China's Tianjin Municipality. The company signed an agreement to invest 220-million U.S. dollars in the project ...
Star Mall Group, a real estate and investment company in Turkey, announced a plan on Monday to open 10 shopping mall projects in China over the next 10 years. "The 10 projects are expected to involve a total investment of $2 billion, with two this year and two next year," said ...
The Ascott Ltd, a wholly-owned serviced apartment unit of CapitaLand, one of Asia's largest real estate companies, said yesterday in Shanghai that it plans to expand its global portfolio to around 40,000 apartments from the current 26,000 by 2015. The Singapore-based company, the ...
China provided 56,000 hectares of land for residential use in the first six months of 2010, up 135 percent over the same period last year, according to the Ministry of Land and Resources. A significant increase in the availability of land for housing was reported in areas like ...
China's leading online real estate portal SouFun is ramping up for its long-overdue initial public offering, according to a company source. The insider confirmed with the Global Times that the website had planned to list its IPO on the New York Stock Exchange (NYSE) in June, ...
The country's construction sector has been hit with rampant corruption as the economic recovery fuels an overheating property market, the vice-minister of supervision has said. From October last year to the end of April this year, 5,241 people, including officials and others with ...
The People's Bank of China (PBOC) said Friday that total outstanding loans from major financial institutions to the country's property market, as of the end of June, climbed 40.2 percent from one year earlier. However, the figure is 4.1 percentage points lower than that at the ...
New commercial home prices in 36 major Chinese cities continued to climb month on month in May despite the government's attempt to cool the property market, the National Development and Reform Commission (NDRC) said Tuesday. Average new commercial home prices in 36 popular cities ...
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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 ...
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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
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...