Cash flow, struggling sales and high debt levels will continue to be the main issues facing Chinese property developers going into 2015, according to market analysts, who still fear that despite monetary easing policies by the People's Bank of China, many firms will continue to find problems raising funds.
Healthy interest from global institutional investors has given Dalian Wanda Commercial the much-needed leeway to fix the initial public offer price for its shares at the top end of the indicative range, capital market sources said on Tuesday.
Rugby's most prestigious prize, the Webb Ellis Cup, was in Shanghai for two days as part of the Rugby World Cup trophy tour. The famous trophy's appearance at the Shanghai Rugby Football Club was backed by British car manufacturer Land Rover. The car brand is a worldwide partner of the 2015 Rugby World Cup and a driving force behind the increase in popularity of rugby among young people in China.
Weak external demand and slack domestic investment could drive China's economic growth down to 7 percent next year from about 7.3 percent this year, the country's leading think tank warned on Monday.
Hu Weiying, a 30-something engineer from Hunan-based Xiangtan Electric Manufacturing Group Co Ltd, works in Western Australia's Pilbara region, where many mining giants have iron ore projects.
China should allow more local governments to sell municipal bonds to increase the transparency of their debts and defuse financial risks, said Ha Jiming, managing director of Goldman Sachs Group Inc's investment banking division.
One of China's top economists says the country will avoid a hard landing in 2015 because it does not face a high risk of unemployment or any worsening debt crisis, although both risks do exist as the economy slows.
Smartphone maker Xiaomi Corp does not appear to be as profitable as expected, a regulatory filing said on Monday.
China General Nuclear Power Group has signed a deal with Kazakhstan's government-owned Kazatomprom for the joint exploration of uranium for nuclear fuel, a step that will help Chinese nuclear companies become self-sufficient in the fuel cycle.
State-owned China Construction Bank Corp has become the first Chinese lender to buy a single office building in Seoul, the South Korean capital, in a deal worth 300 million yuan ($48.5 million), the Seoul office of the bank has confirmed.
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