The launch of Shanghai Tower, the city's tallest building, and other new projects in 2015 will add considerable pressure to office building price growth and occupancy rates, according to a new report on its realty market by international property consultants DTZ.
PetroChina to reduce production from Daqing oilfield after decades of over-exploitation
Premier Li Keqiang's first trip of 2015, to the headquarters of smartphone giant Huawei Technologies Co Ltd in Shenzhen, Guangdong province, sent the world a clear message of the importance attached to the country's domestic handset industry.
Asia's largest refiner, China Petroleum and Chemical Corp (Sinopec), said on Tuesday that it has received approval for a 107.1 billion yuan ($17.2 billion) capital increase for its marketing subsidiary, a big step in the country's mixed-ownership reform of State-owned enterprises.
Holders of prepaid cards issued by a Shanghai-based third-party payment company claim that they are finding the cards to be almost useless in a widespread area of the Yangtze River Delta. The cards involved are carrying more than 500 million yuan ($80.45 million).
Rankings in China's real estate sector had undergone a major change by the end of 2014, with Shanghai-based Greenland Holding Group Co Ltd displacing China Vanke Co Ltd as the largest developer in terms of sales value and volume.
China's major real estate companies are expected to have emerged relatively unscathed from the grim market realities of 2014, by delivering results far better than the industry average.
While analysts last year correctly forecast Macao casinos would suffer a first-ever revenue drop, prospects for 2015 are looking as uncertain as a coin toss.
If the sweet aroma of jasmine tea was savored in every corner of the planet, nobody would be happier than the residents of Fuzhou.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
