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Home price in Beijing would stabilize and rise moderately in next five years, Liu Xiaoguang, president and chief executive officer of Beijing-based Capital Group, said in Dalian Friday. Liu said the value of homes within the fifth ring road would appreciate with the expansion of the city and Chinese had the tradition of buying homes for the value preserva...
Battery and electric car producer BYD Co plans to list itself on the Shenzhen Stock Exchange next year with a 100 million share issue to raise funds for its new energy vehicle projects, according to a senior company official. The Hong Kong-listed company, partly owned by US billionaire Warren Buffet, got the necessary shareholder approval for the public f...
Wind power alone can potentially allow China to reduce emissions by 30 percent in about twenty years, according to a prominent science magazine today. In Science magazine's cover story, issued today, a team of environmental scientists from Harvard and Tsinghua universities analyzed China's wind resources and concluded that if the nation meets 30 percent...
Mainland tourists are expected to make the upcoming Golden Week truly golden. With a longer holiday this year, a record 200 million travelers are set to drop an estimated 100 billion yuan ($14.6 billion) on vacations during the week, said the China Tourism Academy. The National Day holiday, which falls in the first week of October, and the Mid-Autumn Fe...
An auction for a prime plot of land in Shanghai attracted heavy bidding and a record price yesterday. The 142,108-sq-m site in the Putuo district of Shanghai, with an estimated gross floor area of 312.637 sq m, was sold to Hong Kong-listed China Overseas Land & Investment for 7 billion yuan, or 22,409 yuan per sq m floor space. The plot in the Chang...
China's consumer price index (CPI), a major gauge of inflation, dipped 1.2 percent in August from a year earlier, the National Bureau of Statistics (NBS) said Friday. The rate of decline was 0.6 percentage points lower than that in July. In August 2008, the CPI rose 4.9 percent over the same month in 2007. This marked the seventh consecutive month of d...
Chinese equities fell for the first time after seven days of rise and dropped 0.73 percent Thursday. The benchmark Shanghai Composite Index dropped 0.73 percent, or 21.38 points to finish at 2,924.88. The Shenzhen Component Index fell 1.33 percent, or 160.20 points, to end at 11,887.02. Source: BizChina
Hong Kong stocks rose 218.52 points, or 1.05 percent, to close at 21,069.56 on Thursday. Turnover moved up to HK$67.6 billion ($8.73 billion) from Wednesday's HK$ 62.59 billion ($8.08 billion). Source: BizChina
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