Residential property tax 'necessary' for healthy market: ministry

2010-10-01 10:13:43

The introduction of a residential property tax is "necessary" to ensure a healthy property market, which could further boost income distribution adjustment and economic restructuring, China's Ministry of Finance said on Sept 30 in a statement on its website.

The search for golden opportunities

2010-09-27 10:30:40

There is nothing like economic uncertainty to propel the price of gold higher. Three fears continue to dominate the US and these have combined to push up the price of gold to new highs. 

MOF urges to strengthen social insurance

2010-09-25 11:30:26

The Ministry of Finance (MOF) has urged financial departments at all levels to increase the investment in social insurance during the 12th Five-Year Plan period (2011-2015), the Economic Observer reported on Saturday.

China-based UnionPay card launched in Fiji

2010-09-21 11:43:11

The China-based UnionPay card was launched in Fiji on Monday, Fiji became the first Pacific island country to have the services apart from Australia and New Zealand.

Toyota's China auto finance company fined for bribery

2010-09-21 09:31:54

Officials from a local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery.

Wine-collecting tips for investors

2010-09-20 10:21:19

Zhang Hui, a State-level wine sommelier and also the deputy director of the Production and Operation Department of the COFCO Wines & Spirits Company, shares her views on collecting and investing in red wine.

London's luxury brands eye Chinese travelers

2010-09-16 09:26:28

New West End Company, the management agency of luxury goods retailers on London's Bond Street, has launched an initiative called London Luxury to encourage more Chinese travelers to splurge in the city's luxury shopping district.
Montblanc eyes pickings from China's luxury market

Online banking fails to shine

2010-09-14 10:10:08

A recent online survey by web portal Tencent.com showed that 96 percent of the people polled worried that the central bank's recently-launched online banking system would lead to higher bank fees.

The best choice: Big day, big difference

2010-09-13 11:21:35

Sitting at a piano on a beach abutting the Aegean Sea in Greece, a man sings and plays a beautiful melody for his pretty bride and the guests.

The price of marriage

2010-09-13 11:19:50

According to figures provided by Mocha, the average cost of a wedding in China is now 200,000 yuan, although the company has handled weddings that have cost a staggering 10 million yuan.

Big day becomes big business

2010-09-13 09:21:31

Getting married is big business in China. Young couples are splashing out on their big day as never before. Expenditure on weddings growing at a rate of 20% a year.

HK luxury distributor thrilled by mainland's booming market

2010-09-06 10:44:32

According to a report on China's commercial development 2009- 2010 released in Beijing in May this year, China is set to rank as the world's biggest market for luxury goods in five years.