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Business / Industries

Downpayment ratio for second home drops to 40 percent

[2015-03-30 18:02]

China's required downpayment ratio for second homes fell from 60 percent to 40 percent, as the latest measure to shore up the cooling market.

ABB eyes growing demand for robots

[2015-03-30 17:21]

China's future demand for robots and its push for more clean energy will provide more business opportunities for ABB in China, a senior executive of the company said on Friday.

Ocean theme park under construction near Shanghai Disneyland

[2015-03-30 15:36]

An ocean theme park is under construction in Shanghai's Pudong New Area, only a 25-minute drive from the city's Disney Resort.

UAE central bank partners with China's UnionPay

[2015-03-30 09:59]

The Central Bank of the United Arab Emirates (UAE) and UnionPay International (UPI) of China said Sunday they have signed a deal for linking with UAE-Switch.

Long-lasting love affair with Western cuisine in Shanghai

[2015-03-30 07:28]

Despite the ever-changing dining scene in Shanghai, some Western-style restaurants kept serving their original dishes throughout the decades.

10 industrial sectors of the 'China Manufacturing 2025' strategy

[2015-03-30 07:30]

China hopes to upgrade the country's manufacturing power through the "China Manufacturing 2025" strategy unveiled at an executive meeting on Wednesday.

Time to play now!

[2015-03-30 07:25]

China lifting the ban on the production and sales of gaming consoles gives game console makers a golden opportunity.

Chinese consumers forced to buy car insurance: watchdog

[2015-03-29 19:31]

Many auto dealers in China are forcing consumers into purchasing car insurance and failing to live up to their promises for car maintenance, a consumer rights association under the country's quality watchdog, the General Administration of Quality Supervision, has revealed.

China must upgrade industry to remain competitive, experts say

[2015-03-28 16:51]

China must upgrade its industry to maintain its competitiveness in the global value chain and to avoid the middle-income trap.

Property regulator calls for accommodative land supplies

[2015-03-27 17:20]

Regulators called for accommodative land planning, advising regions with massive housing inventories to reduce or even put new land supplies on hold.

Drought hits China's Shandong province

[2015-03-27 17:08]

The reservoir of a capacity of 278 cubic meters of water has only 220,000 cubic meters left in East China's Shandong province. A total of 157 rivers have been cut off from water and 274 reservoirs dried up due to drought so far.

China, CEE launch promotion year for tourism in Hungary

[2015-03-27 16:36]

China and Central and Eastern European countries Thursday officially launched a year-long event to promote tourism cooperation between the two sides.

China bans commercial logging in NE forests

[2015-03-27 11:49]

Commercial logging will be forbidden in key state forests in northeast China on April 1, said China's forestry watchdog Thursday.

Chinese investor pays A$8,888,888 for office block in Melbourne

[2015-03-27 11:45]

A Chinese investor will be hoping that luck comes his way after paying 8,888,888 Australian dollars for a three-level office tower in Melbourne.

Global conglomerates find their Chinese sweet spots of success

[2015-03-27 09:58]

Three decades after its debut in China, 3M Corp has centered its growth strategy on the tenet of "In China, For China", which also helped the company localize its operations in China.

Further reductions in gasoline, diesel prices at the pump

[2015-03-27 08:25]

The retail gasoline price has been cut by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, and diesel by 230 yuan a metric ton, or 0.2 yuan per liter, starting from Friday.

Top 9 hot-selling foreign products for Chinese babies

[2015-03-27 07:23]

Directly purchasing foreign commodities online through e-commerce platforms has seen rocketing growth in China since the rise of the country's middle-class and the popularity of the Internet.

Gas, diesel prices to drop on Friday

[2015-03-26 17:43]

China's top economic planner, the NDRC, announced that the authority decided to reduce the retail price of gasoline by $38.73 a metric ton.

Italian vineyards see a glass that's half full in China

[2015-03-26 11:01]

Italy is looking to topple France as China's top wine exporter, and there is "huge space for improvement" for Italian wine to gain market share.

Overseas property funding expands strongly

[2015-03-26 11:01]

Chinese investors spent around $14.26 billion on overseas property investment in 2014 and the investment is expected to increase further.

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