China's quarantine authorities have rejected more than 1.2 million metric tons of American corn after detecting an unapproved genetically modified strain in shipments, with buyers shifting to cheaper grain from other markets.
Home sales in Beijing, a city that is regarded as a barometer of China's overall property market, fell to a nine-year low in the first half of the year, raising concerns about the prospects of the country's real estate market.
As an annual congress and accompanying exhibition that focuses on high-quality design, planning and construction, BAU Congress China expects to provide a business, contact and information platform for Chinese industry professionals at the China National Convention Center in Beijing from July 8 to 9.
About 150 companies will make initial public offerings in China this year and their total financing won't exceed 100 billion yuan ($16 billion), which won't have a major influence on the nation's capital market, according to a report published by Ernst & Young Global Ltd on Monday.
Swiss bankers made their strongest pitch yet to their Chinese peers over the weekend for their country to become a hub for offshore yuan trading.
Editor's note: Bank of China Ltd Chairman Tian Guoli on June 18 addressed a reception to mark the 85th anniversary of the bank's London branch. Following are excerpts from his speech.
China should be disciplined about GDP growth and not overuse available leverage, which can cause distortions, or revert to old growth patterns, especially post-crisis growth patterns, said Michael Spence, professor of economics at the Stern School of Business at New York University and a Nobel laureate in economics.
Outbound mergers and acquisitions by Chinese companies grew at a much smaller pace than the growth in deal volume, which hit a high of $177 billion in China during the first six months of this year, said a report published by global news agency Thomson Reuters on Monday. The report, however, forecasts that outward investment will pick up pace and exceed the total foreign direct investment into China this year.
"Cities are cultural artefacts," says Tom Kvan from the University of Melbourne. "They must reflect the culture of the way people live and wish to live."
Agricultural company makes big splash with unique business model
In Japan, it's not uncommon to see buildings that have been transformed into living structures with gardens and parks incorporated into their frameworks, while homes fitted with solar panels to reduce the energy footprint are also common features.
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