Business / Industries

China eases home purchase restriction

[2014-09-30 17:12]

China's central bank announced Tuesday that some buyers of a second home will be able to enjoy a lower down payment as first-time home buyers.

China Eastern Airlines to open New Zealand direct flights

[2014-09-30 16:48]

China Eastern Airlines is to start a daily direct service between Auckland and Shanghai over the southern summer.

Formula approval bolsters China prospects for New Zealand's Synlait Milk

[2014-09-30 16:26]

New Zealand dairy processor Synlait Milk said Tuesday that it has received official Chinese approval to make retail-ready infant formula for export to China.

Tourism city in Hainan to lift housing purchase limit

[2014-09-30 10:28]

Tourism city Sanya in Hainan province will join the 41 others in lifting housing purchase limit, leaving only four cities keeping the restrictions.

China reviews anti-dumping measures on imported PVC

[2014-09-30 09:50]

China's Ministry of Commerce announced it will begin a review of the nation's imported polyvinyl chloride policies as anti-dumping measures are due for renewal.

Govt caught between reform and growth

[2014-09-30 07:18]

China will abolish all home purchase restrictions in the next 12 months and cut at least one policy rate in the first half of 2015 or before, said Shen Minggao, head of China research with Citigroup Inc.

China reforms resource tax on coal

[2014-09-30 09:26]

From Dec 1, China will levy a resource tax on coal based not on quantity, but on price, and the tax rate will be decided by the provincial governments within a given range.

Testing times lie ahead for steel firms

[2014-09-30 07:25]

A glut in the world's biggest steel-making country means that prices for basic products have collapsed, so Tangshan Donghua is targeting buyers outside China who pay more.

Expo to promote cooperation in mineral exploration

[2014-09-29 19:14]

China intends to strengthen cooperation between Chinese and foreign investors in mineral exploration with the 2014 China Mining Congress and Expo, which will be held from Oct 20 to 23 in Tianjin.

China cuts retail oil prices

[2014-09-29 18:30]

China's top economic planner announced cuts in the retail price of gasoline by 100 yuan per tonne (16.25 US dollars) and that of diesel by 95 yuan on Monday.

China blocks 261 batches of substandard food in Aug

[2014-09-29 16:21]

Chinese authorities discovered 261 batches of substandard food imports in August, the country's top quality supervisor said Monday.

Realty market needs to regain its lost luster

[2014-09-29 07:09]

Evidence is mounting that the government's almost four-year-long curbs on buyers in the urban housing market are being given a quiet burial.

Golden Week to see record train travelers

[2014-09-29 10:31]

More than 90 million passengers will travel by train prior to and during the upcoming National Day holiday, setting a record high, the China Railway Corporation forecast on Sunday.

Billionaire Hong Kong builders raise cash for real estate purchases

[2014-09-29 06:56]

Billionaires including Li Ka-shing have cut debt at their HK developers to near-record lows in preparation to buy land as prices fall, a signal the city's real estate gains may be coming to an end.

NY scientists unveil invisibility device

[2014-09-29 04:25]

Scientists at the University of Rochester have discovered a way to hide large objects from sight using inexpensive and readily available lenses.

Chinese home prices remain under pressure

[2014-09-28 13:20]

The Chinese residential property market will continue to face price pressure despite likely quarter-on-quarter sales growth in Q4 2014.

Nepali vice president hopes for Tibet-Nepal railway

[2014-09-28 11:05]

Nepali Vice President Parmanand Jha hopes that a new Tibetan railway can one day extend to Nepal and boost bilateral trade and tourism.

Another city lifts property restrictions

[2014-09-28 11:03]

Zhuhai, a city in Guangdong province, announced its decision to loosen housing purchase limits, leaving only five others cities still keeping the restrictions.

16.77m cars recalled in China since 2004

[2014-09-28 10:24]

Around 16.77 million vehicles had been recalled due to defects as of mid-September on the Chinese mainland as part of the efforts.

Time-honored brands eye young consumers

[2014-09-28 09:44]

More than 200 Chinese time-honored brands across the country will exhibit their classic and new products in Shanghai at a fair starting from Friday.

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