Property prices in a number of coastal cities are rising faster than those in large cities as investors with deep pockets look to second- and third-tier cities amid tightening measures to cool the market.
China's National Social Security Fund, which has invested 10 billion yuan ($1.55 billion) to buy an 11 percent stake in the People's Insurance Co (Group) of China (PICC), will be PICC's sole investor before the insurer's planned listing, according to a source who was involved in the deal but declined to be named.
Just a couple of months ago the debate was still open as to whether there was a bubble in US-listed Chinese Internet stocks. Today, it's hard to deny that the bubble is there - unless it has already burst.
The torrential rains and flooding in China's southern provinces will have only a limited impact on rice production and will not threaten the country's food supply this year, experts and officials said on Tuesday.
Rare earths production in China, as a percentage of the global total, will fall sharply from the current 95 percent to 60 percent within two years, as foreign players resume mining of the precious minerals, an industry expert said.
The China Three Gorges Corporation says four planned hydroelectric power stations being built on the Jinsha River will be capable of producing twice as much power as the Three Gorges Dam, which is currently the world's largest-capacity hydroelectric power plant.
Shandong Dong E E Jiao Co Ltd, the largest Chinese ejiao maker by market share, wants to boost its health food business in order to grab a big slice of the promising industry, the company said on Monday in Beijing.