Business / Industry Watch

China services PMI perks up: HSBC

[2013-02-05 20:13]

China's January services Purchasing Managers Index was 54, up from 51.7 in December and reaching a four-month high, according to the HSBC.

Land sales in China's 10 big cities surge

[2013-02-05 10:43]

Land sales in China's 10 key cities almost tripled in January, fueled by property developers' improved cash flow and expectations of a rosy market.

China's asset management firms see record profits

[2013-02-04 16:48]

Four asset management companies in China saw total pre-provision operation profits, or PPOP, of 37.6 billion yuan ($5.97 billion) in 2013.

Office rents slowing down

[2013-02-04 09:57]

Office vacancy rates in China will continue to rise in 2013, with rents under pressure after skyrocketing over the past few years, experts said.

China's petrochemical output up in 2012

[2013-02-02 16:19]

China's petrochemical industry saw steady growth in total output in 2012, but profits dropped from a year earlier due to weak demand.

Macao's gaming revenues up 7.3% in Jan

[2013-02-02 11:21]

Macao's gaming revenues in January this year increased by 7.3 percent year-on-year to 26.86 billion patacas ($3.76 billion).

New-home prices increase 1% in January

[2013-02-02 10:25]

New-home prices in China rose 1 percent in January, the eighth straight month-on-month increase since June.

Sharp drop in machinery profit growth

[2013-02-02 10:17]

China's machinery industry will continue to face weak domestic demand and severe international competition in 2013.

China spends more on cultural services

[2013-02-01 13:43]

The Chinese government spent 15.52 billion yuan ($2.47 billion) on improving cultural services for the public in 2012.

Traditional media ad market grew 4.5% in 2012

[2013-01-31 22:17]

The annual growth of traditional advertising in the Chinese market was only 4.5 percent in 2012, the lowest in five years, according to a CTR report issued on Thursday.

Demand for oil to rise 4.8%

[2013-01-31 03:02]

China's demand for oil will rise at a modest rate of 4.8 percent to 514 million metric tons this year, and imports will continue to grow.

Guangzhou to inject $80m for e-commerce

[2013-01-30 21:35]

Guangzhou city government is to spend 500 million yuan ($80.39 million) every year for the next five years, to support the development of e-commerce.

Beijing's Jan land revenue totals 20.6b yuan

[2013-01-30 15:09]

Beijing's revenue from land transfers in January totaled 20.6 billion yuan ($3.31 billion), the highest since 2003, according to a national property brokerage.

Imported iron ore stockpiles drop

[2013-01-30 10:44]

Stockpiles of iron ore at 25 major Chinese ports continued to slide during the week ending Jan 28, marking the third consecutive week of declines.

More than 1 million vehicles imported, but growth slows

[2013-01-30 04:10]

Despite slowing to single-digit growth, China's annual passenger vehicle imports surpassed 1 million units for the first time in 2012.

75% more faulty cars recalled in 2012

[2013-01-29 07:15]

As many as 3.2 million vehicles were recalled in 2012 for being faulty, up 75 percent from a year earlier, the country's top quality supervisor said Monday.

17% of fireworks substandard: authorities

[2013-01-28 21:50]

About 17 percent of the fireworks and firecrackers being sold ahead of the Lunar New Year fail to meet quality standards, the quality watchdog said on Monday.

Beijing sees record pre-owned home sales

[2013-01-28 18:53]

Sales of pre-owned homes in Beijing may reach a 24-month high in January, real estate agency Century 21st said in a report on Monday.

Tourists to hit record high during Spring Festival

[2013-01-25 09:57]

The number of tourists traveling during the upcoming Spring Festival holiday is expected to hit a record high of 211 million.

China's mobile phone users reach 1.11 billion

[2013-01-25 04:11]

The number of Chinese mobile phone users reached 1.11 billion as of the end of 2012, according to official data unveiled Thursday.