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The central government has repeatedly restated its determination to control the property market. It has also vowed to keep in place measures such as higher down-payments and restrictions on third-home purchases. Despite the measures, China's real estate market is showing signs of recovery. According to a report released by the China Index Academy, home prices in most major cities increased for the sixth consecutive month in November in 2012. New home prices in 10 major cities, including Beijing and Shanghai, rose by 0.39 percent in November from October, marking a year-on-year rise for the first time in 2012.
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  • (Xinhua)2017-06-23 10:03

    Jack Ma (L), chairman of the Chinese e-commerce giant Alibaba, is in a conversation with Charlie Rose (R), famous American television talk show host and journalist at Gateway'17 in Detroit, US, June 20. [Photo/Xinhua]DETROIT - Air Traffic was jammed and hotels were full in the US city of Detroit on ...

  • (China Daily)2017-06-23 09:40

    SME developmentThe top legislature began reviewing a draft amendment on Thursday to promote the development of small and medium-sized enterprises by cutting costs and supporting innovation. The draft amendment to the Law of Promoting Small and Medium-Sized Enterprises was submitted to the Standing C...

  • (China Daily)2017-06-23 09:38

    MILAN, Italy - Chinese businessman Jiang Lizhang has agreed to buy a 60 percent stake in Italian side Parma, which has just been promoted to the second tier, the club said on Wednesday. Parma also announced that legendary former Argentina forward Hernan Crespo, who played for the club from 1996-200...

  • By Cecily Liu In London(China Daily)2017-06-23 09:33

    Chinese real estate giant Wanda closed a 470 million pound ($600 million) deal to buy a major piece of land in South London's Nine Elms area on Wednesday, the latest in a series of key Chinese investments in London property. The 4.05 hectare plot, Nine Elms Square, has already received outline plann...

  • By Li You(China Daily)2017-06-23 09:32

    Beijing's energy enterprises are making more progress in clean renewable energy amid Beijing's supply-side reform in energy restructuring and environmental protection. BOE Smart Energy, a wholly-owned subsidiary of Chinese display device giant BOE, was founded in August 2009. Its business specialize...

  • By Zhang Yan(China Daily)2017-06-23 09:30

    Legal professionals from China and countries involved in the Belt and Road Initiative have jointly released a guidebook on investment-related laws to help prevent and solve rising commercial disputes, a senior official of the All China Lawyers Association said. Leading law firms in Belt and Road co...

  • (China Daily)2017-06-23 06:11

    Towngas - HK's pioneering utility - is probably unrivaled in the city's corporate history. Managing Director Alfred Chan Wing-kin tells Duan Ting how the enterprise has sunk its roots here over a century and a half. Hong Kong's first public utility - the Hong Kong and China Gas Co Ltd (Towngas) - is...

  • (Xinhua)2017-06-22 17:29

    BEIJING — China's sharing economy is facing mixed prospects for growth: market competition is increasing and weighing on players, while the government is trying to offer more support to create an enabling environment. Bicycle-sharing, representative of China's popular sharing economy, has been mak...

  • By Wu Xiaobo(chinadaily.com.cn)2017-06-22 13:36

    Chinese investors take a lead in property ownership, according to China Financial Herald, citing a report released by Legg Mason Global Asset Management and Standard Chartered on Tuesday.The report, titled 2017 Global Investment Survey, shows that 74 percent of Chinese investors have property, while...

  • (Xinhua)2017-06-22 10:22

    BEIJING - China will further boost mass entrepreneurship and innovation by building 92 more demonstration bases, the State Council, China's cabinet, announced Wednesday. The government decided to support the building of more demonstration bases for entrepreneurship and innovation as the first group ...

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