Poly home sales tumble 39.27% in Oct
2011-11-08 11:01:15
The Poly Real Estate Group Co, China's second-largest developer by market value, posted a steep housing sales drop of 39.27 percent year on year, hitting 5.42 billion yuan in October.
Hainan to set up duty-free operator
2011-11-08 10:07:41
The Chinese government said it has allowed Hainan to set up a new company to conduct duty-free business in the island province as part of a trial aimed at making it a tourist hub.
Chinese tourists to reshape global travel industry
2011-11-08 10:08:24
The continued growth in Chinese outbound and domestic travel would change the global hospitality industry, a report revealed on Monday.
Reports of 800b yuan railways fund 'untrue'
2011-11-08 10:07:22
China's Ministry of Railways said Monday that reports about it hoping to get 800 billion yuan from the government to fund its railway projects were untrue.
Number of hotel rooms set to soar
2011-11-08 09:50:18
China's hotel market is expected to overtake the United States to be the world's largest from 2025, according to a report issued by InterContinental Hotels Group (IHG), the largest hotel company in the world by number of rooms.
Alibaba visit may open door for housing upturn
2011-11-08 10:00:35
Nearly 100 employees from Alibaba Group Holdings visited commercial property projects developed by Hangzhou-based Greentown China Holdings Ltd on Sunday in search of possible savings through bulk purchasing.
China to boost domestic supply of iron ore
2011-11-08 09:20:27
China plans to supply 45 percent of its iron ore use by 2015, a big increase from last year's 32 percent, as the country steps up efforts to protect its steel industry from a foreign monopoly over iron ore.
Real estate meltdown fears
2011-11-08 09:00:18
A number of leading real estate brokerages have started shutting outlets, as the government's ongoing property-tightening measures cause transactions to slump and the price of pre-owned homes to hit a record low.
Vehicle sales decelerate in Oct
2011-11-08 09:37:05
Passenger vehicle sales in October showed the steepest year-on-year decline since 2008, as the government tightened up its 2-year-old subsidy policy for fuel-efficient models.
CEOs say they are confident: Poll
2011-11-08 09:28:00
More than half the CEOs in the Asia-Pacific region are "very confident" of increased revenue for their companies over the next three to five years, despite the ongoing economic turbulence in Europe and the United States, according to a latest survey.
Govt urged to open up crude oil import market
2011-11-07 10:08:23
Some of the country's private-held oil companies are clamoring for the relaxation of the tight government control of crude oil imports to alleviate the widespread chronic diesel shortfalls during seasonal spikes.
Housing market close to turning point
2011-11-07 15:02:33
The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to cut housing prices nationwide, which indicates that the market is moving closer to a turning point.