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Land sales hit a 16-month high
2012-12-05 15:33
Land sales in China’s 10 major cities hit a 16-month high of 66.3 billion yuan ($10.6 billion) in November, a growth of 23 percent month-on-month and 0.4 percent year-on-year, a property report said.
Chinese luxury buyers need to change mindset
2012-12-05 15:05
Big spending Chinese people need to change their mindset and realize that luxury is more about culture and not only about money.
Enterprises' salaries 'to rise 9.3%‘
2012-12-05 14:50
Chinese enterprises expect an average salary increase of 9.3 percent next year, consulting firm Towers Watson said in a report.
Shadow banking: 15 to 17 trillion yuan
2012-12-05 14:42
China's shadow banking scale is around 15 trillion yuan ($2.38 trillion) to 17 trillion yuan, around one third of the country's GDP, ANZ said in a report on Wednesday.
China's online shoppers hit 210m
2012-12-05 14:40
China's online shoppers reached 210 million by the end of June. The country is expected to become the world largest online retail market next year, overtaking Japan, said Li Jinqi, director of the Electronic Commerce and Information Department of the Ministry of Commerce on Tuesday at a forum in Shanghai.
China to open more airspace to private planes
2012-12-05 11:20
China will loosen its strict control over low-altitude airspace in 2013 across the country, opening more airspace to private planes, after a two-year pilot reform in several cities, including Guangzhou, Hangzhou and Xi'an.
China 'to grow 7% for 5 years at least'
2012-12-04 17:12
China should be able to grow at 7 percent for five years, possibly longer, by developing its own backyard, Standard Chartered said in a report on Tuesday.
Iron and steel industry sees profit rebound in Oct
2012-12-04 17:05
China's iron and steel industry saw profit rebound for the first time in five months as prices surged amid relatively low raw material costs.
PE firms may see fall in deal making
2012-12-04 17:04
Private equity firms around the world are bracing for tough conditions for both fundraising and deal-making, according to the 2012 Global Private Equity Report.
China Mobile to start 4G operations in HK
2012-12-04 17:02
China Mobile Ltd, the nation's largest mobile operator, plans to start commercial operations of its converged LTE FDD/TD network in Hong Kong on Dec 18, sources from telecom equipment vendors said.
Huayi Brothers shares tumble
2012-12-04 17:00
The shares of Huayi Brothers Media Group tumbled significantly after a rumor that the first-day box office revenues of its newly released movie Back to 1942 were just 18 million yuan ($2.89 million), lower than expected, 21cbh.com reported.
Ex-police officer gets 14 yrs for Universiade embezzlement
2012-12-04 16:56
A former police officer in South China has been sentenced to 14 years in prison for embezzling millions of yuan during the 2011 Shenzhen Universiade.

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Geng Jiasheng, 54, a national master technician in the manufacturing industry, is busy working on improvements for a new removable environmental protection toilet, a project he has been devoted to since last year.