State Grid Corp of China reached a deal to gain control of Brazil's CPFL Energia SA, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility, people with knowledge of the matter said.
Nike Inc has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to adidas AG and Under Armour Inc.
Interest in senior living communities has risen 87 percent year-on-year, according to a survey.
"Will home prices in Beijing still go up in the second half year? Shall I buy an apartment right now?"
Foreign direct investment in China will remain stable for the final five months of this year despite the drop that occurred in July, experts said on Monday.
For the second consecutive fiscal year to March-end, Chinese homebuyers were the largest overseas investors in the United States realty sector. But their collective investment fell. Yet, property agencies are bullish on the purchasing power of the Chinese middle class.
Hong Kong investors, for long buyers of properties in the United Kingdom and Australia, are turning their gaze from the West to the East and snapping up Asian realty, attracted by higher rents, lower capital outlay and long-term investment prospects.
Yao Lisha, 38, lives with her family at a villa in suburban Shanghai, and has invested in Australian properties. Now, she is desperate to ensure her investments do not lead to losses.
As property in the United States recovers steadily from recession, New York City's commercial real estate is likely to continue to interest Chinese buyers, according to observers.
The ongoing supply-side reform has injected a much-needed dose of reality into China's hyped-up artwork market, experts said.
When Chinese travelers were asked by a recent survey to name three hotel facilities most important to them, they put free Wi-Fi at the top. It received a weighting of 23 percent.
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Raymond Zhou
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