Friday's housing curbs by Beijing and three major cities are part of the larger effort to rein in China's real estate industry where home prices tended to skyrocket of late, threatening to create a property bubble, experts said.
Flexible, affordable, and complete with community spaces for social networking, rented housing projects for young professionals are now common across China.
Lower-tier cities must take city-specific measures to reduce their residential property inventories gradually, as there is no heal-all solution, said analysts.
In 2007, China's Wengfu (Group) Co Ltd achieved what was then truly extraordinary - the State-owned phosphorus and chemicals manufacturer outplayed many European and US counterparts to win the bid for the then world's largest mineral-processing project in Saudi Arabia.
Three Chinese incubators and two foreign companies agreed to establish an international business incubator in Beijing, as part of their effort to transform existing technologies and effect technology transfers.
Seven years ago when Chen Minhong's son was about 3 years old, she was finally able to throw away her baby-rearing training wheels as her child entered another stage of growing up.
Every lunchtime during the week Wu Xiaoling has to rush home, pedaling her bicycle madly for 15 minutes, so she can feed her 9-month-old son. That done, she cycles back to work and has no time even for that Chinese specialty the quick desktop nap.
The US Fed rate hike would have a mild and positive effect on China's capital markets, as investors' positive sentiments grow and they have more confidence in yuan-denominated assets, analysts said on Thursday.
Russia's central bank opened its first overseas office in Beijing on Thursday to strengthen financial cooperation between the two countries.
Chinese bike-hire startup ofo Inc is testing deposit waivers for qualified riders in Shanghai, a move observers said would further intensify the already heated competition in the sector.
Oishi, the snack-food giant from the Philippines, has come to value China as a center of new technology to spur further growth in its business, as the market has become an ever more sophisticated and international one.
Multinational companies are being urged to observe local laws and fully respect consumers' rights, after Nike Inc and two Japanese firms were criticized by a program on China Central Television on Wednesday.
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Raymond Zhou
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Chen Weihua
