Chinese real estate developers' enthusiasm for the domestic market significantly cooled in the first quarter, but their interest in outbound investment especially in the residential sector stayed strong.
Tongling, in China's eastern Anhui province, unveiled on Monday the country's latest measures to aid the realestate industry. The local government of China's smallest prefecture made the announcement on its website.
Australian online job ad company Seek Ltd is preparing its Chinese online jobs business Zhaopin Ltd for an initial public offering in New York, betting it will gain an edge over its rivals in the world's second-largest economy.
General Motors pouring money into new models to regain No 1 spot
United States-based Facebook Inc, operator of the world's largest socialnetworking site, said its business aiding China's exporters to reach global markets is seeing fast growth even as its main Internet services remain blocked in the nation.
China will launch its first carbonlinked financial product on Thursday - a debt note linked to the performance of carbon offsets on the Shenzhen Emissions Exchange, issued by a unit of China General Nuclear Power Group.
A move to tighten import controls on infant formula will likely curb market growth for some smaller, sub-par foreign suppliers and benefit major leading overseas producers, industry analysts said.
Nation's appetite for beef has increased in decade since restriction implemented
China's manufacturing sector failed to make a strong comeback in April, while the service sector continued to expand, underscoring the changing growth pattern in the world's second-largest economy.
The growth of cosmetics sales in Chinese shopping malls hit their lowest level in six years, partly due to the central government's anti-corruption drive and partly due to the rise in direct overseas purchases, a market research report said.
Huawei banks on enterprise business to construct a platform for growth, report Xing Zhigang and Li Jiabao in Johannesburg
A plan to establish the country's first personal credit database has been submitted to the State Council (the cabinet) for review, the Economic Information Daily reported on Monday.
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