IN BRIEF (Page 18)

Appetite for luxury wanes

Sales of luxury goods slowed in China during 2014, with the growth rates falling for the first time amid slowing economic growth and brand proliferation, a new study said on Tuesday.

Opening the gates for investment

The security clearance measures outlined in the draft foreign investment law will boost China's corporate governance efforts and create a level-playing field for overseas companies in the country, experts said on Tuesday.

Hotel Special: On top of the ... world

The pinnacle of modern luxury in Beijing, the China World Summit Wing occupies the top floors of the iconic China World Tower. This Shangri-La managed hotel not only provides some of the most spacious and comfortable accommodation in the city, it also ofers unrivaled bird's-eye views of China's capital from its lofty perch.

New sponsor Nike sparks football team revival

The national Chinese football team has been thriving lender its first new kit sponsors in more than three decades.

Quotes of the day

What's news

CBRC plans internal organizational reforms

Robust home sales bring cheer to realtors

National home sales in December recorded a surge over the previous month, wrapping up 2014 with the second-highest sales volume in years.

Wealth gap narrows as disposable incomes grow

Income inequality in China narrowed last year, a silver lining to the cloud of a cooling economy that grew at the slowest pace since 1990, the National Bureau of Statistics reported on Tuesday.

Labor force shrinks for third year

China's working population declined for the third straight year in 2014, triggering concerns that a shrinking labor pool will weigh on the country's economic growth, especially for labor-intensive industries.

Draghi weighs QE compromise

Mario Draghi is weighing how much a compromise on eurozone stimulus would reveal about the currency bloc's fault lines.

IMF lowers global growth forecasts

The International Monetary Fund lowered its forecasts for global growth over the next two years, warning on Tuesday that weakness in most major economies will trump gains from lower oil prices.