Among 70 major cities in China, 55 recorded month-on-month price declines for new homes last month, up from 35 in May, the National Bureau of Statistics said in a statement on Friday.
China's biggest cities recorded slower economic expansion in the first half, but many municipal officials are sounding a confident note, saying that structural changes are laying a solid foundation for future growth.
Microsoft Corp's biggest reduction in company history could cost China more than 1,000 jobs, analysts warned on Friday.
Prices of gold are set to surge in the short term, amid heightened concerns over geopolitical stability, following the downing of a Malaysian airliner on Thursday, analysts said on Friday, adding that crude prices may see further fluctuations.
Programs to help create level playing field for domestic, foreign firms
The Xinjiang Uygur autonomous region, China's prime cotton-growing area, plans to pump some 20 billion yuan ($3.2 billion) into its textile industry to create jobs and maintain social stability, local officials in its Beijing representative office said on Friday.
Angel investors are expected to see handsome returns on their investments in China this year, thanks to the favorable policies being enacted by the Chinese government, said a report released by ChinaVenture Group on Friday.
Labor shortage and rising manpower costs on the mainland continue to be major concerns for Hong Kong-based manufacturers in the Pearl River Delta, a leading manufacturing base in China, , a new survey said on Friday.
Poultry producers in Virginia are once again anticipating robust returns after product shipments to China resumed on Thursday after a seven-year hiatus.
After entrenching its position in shopping plazas, movie-theater chains, five-star hotels and resorts, Chinese conglomerate Dalian Wanda Group Co Ltd has now set its eyes on e-commerce with an ambitious plan to use its offline dominance in online business.
Local governments in China may be allowed to issue shale gas exploration licenses during the long-delayed third round of bidding, industry sources said on Thursday.
China's top energy regulator on Thursday announced 164 industry standards, about half of which are related to nuclear power, a signal that the country will support its nuclear sector with new approvals for plants.
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