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Governments and policies

Quotes of the day

Government acts to rein in illegal activity in rare earths

Eight government departments led by the Ministry of Industry and Information Technology have issued a circular to crack down on illegal activities in the rare earth industry.

Sailing high on the winds of growth

More opportunities are round the corner, says Volvo CE chief

Going gets tougher for machinery makers

China's machinery manufacturers are planning to increase exports as a slowing domestic economy crimps demand at home, industry experts said.

Volvo stalls in Q4 as construction sector contracts

Volvo Group, the world's second-largest producer of trucks, posted a fourth-quarter loss as a plunge in construction equipment deliveries compounded the effects of provisions for credit losses and a potential antitrust fine.

Q & A

Martin Weissburg, president of Volvo CE

FTA with S. Korea one step nearer completion

China and South Korea on Wednesday initialed a bilateral free trade agreement as both sides are hoping to increase trade, according to a press release from China's Ministry of Commerce.

Australia imposes fees on foreign property buyers

Chinese and other foreign nationals buying residential real estate in Australia face additional fees as the government in Canberra seeks to curb soaring property prices and illegal home buying.

Shrinking land sales cast financial shadow on local govts

Local governments sold much less land for real estate development last year as the property sector hit a rough patch, casting a shadow over their financial condition.

Battle of the real estate brokerages pits physical vs virtual

Traditional brick-and-mortar property brokerages have entrenched flaws in how they do business, as their rivals in the Internet industry rightly point out, but replacement is not on the horizon either, reports Zheng Yangpeng.

Pigeon prices fly high on China demand

To most city dwellers, pigeons are vermin. Gourmands might contend that they can make a nice lunch. But pay more than 100,000 euros ($113,400) for a pigeon?