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Property sales in Beijing and Shanghai rose in November after being stagnant in the previous few months. Apartment sales climbed 52.4 percent in Beijing from October, while Shanghai grew 41.98 percent, official figures of the two cities showed. According to statistics from the Beijing Municipal Construction Committee, 12,479 apartments, with a combined...
The number of foreign visitors to China fell significantly in the first 10 months of the year, and the trend is set to continue next year, a senior tourism official said on Tuesday. Speaking at an industry conference in Beijing, Shao Qiwei, head of the China National Tourism Administration (CNTA), said the number of foreign tourists staying overnight i...
The central and local governments will act to prevent further falls in sugar prices, Guo Shengkun, Communist Party head of southwest Guangxi Autonomous Region, told reporters in Beijing on Tuesday. Guo, speaking at a press conference held by the State Council's Information Office, said some governments have started to build a sugar stockpile with the g...
Overseas-invested businesses operating in Shanghai have been faring slightly worse in terms of foreign trade growth compared to the city's average foreign trade growth this year. When contacted by Xinhua Tuesday, a spokesman from the Shanghai Municipal Commission of Commerce, said the slowdown in foreign trade began six months ago and the downturn woul...
The fifth China Products Fair kicked off on Tuesday in Jordan's capital of Amman. About 150 Chinese firms came to the fair with their latest high value-added products aimed at the Middle East market, said Wang Qingjiang, an organizer of the fair. Some products have competitive quality with those from Europe and the United States, though priced 75 ...
Dairy exports have ground to a halt during what traditionally is the industry's busiest time of the year, thanks to the tainted-milk food scandal. Latest General Administration of Customs (GAC) figures showed that only 1,036 tons of dairy products were exported in October, down 92 percent year-on-year. From January to September, the monthly averag...
Decisive and coherent policy measures to revitalize the equity market are needed to materialize the 4 trillion yuan ($586 billion) stimulus package and also shore up China's economy, ten top economists said in a joint plea to the central government. The hefty fall of the Chinese stock market, often seen as the barometer of the country's economic and so...
China's top think tank, the Chinese Academy of Social Sciences(CASS), says that the country's economy is expected to slow down to 9.8% in 2008 and further decline to 9.3% in 2009. In its annual Blue Paper on China's economy, which was released on Tuesday, CASS noted the Chinese economic downturn is mostly attributed to the global financial crisis. ...
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