Housing projects proceed too slow for govt

2011-06-07 15:41:20

China will find it difficult to achieve its goal of building 10 million government-subsidized residences this year since most of the planned projects have not started yet, analysts said.

Pollution leads to run on bottled water

2011-06-07 15:10:27

A recent chemical spill into the Xin'an River, an important source of drinking water for East China's Zhejiang province, has led five water utility companies to stop drawing water from the river.

Tax-free Tianjin zone touted

2011-06-07 14:31:54

Tianjin is joining a number of coastal cities, including Shanghai and Shenzhen, that have announced their plans to set up the country's next tax-rebate zone. That's after the tropical Hainan Island was given the green light to provide tax-refunds on products in April.

Resourcehouse withdraws from listing

2011-06-07 14:05:35

Australian billionaire Clive Palmer's much-touted ties with China weren't enough to persuade investors in Hong Kong to put up $3.6 billion for shares in his unprofitable iron ore and coal company Resourcehouse Ltd.

UAE looks to lure Chinese companies

2011-06-07 13:19:28

The United Arab Emirates (UAE) is striving to diversify its economy by attracting more businesses from China and other Asian nations to invest in its newly launched industrial zone.

Jushi to establish overseas factory

2011-06-07 13:46:59

Jushi Group Co Ltd, the world's largest manufacturer of fiberglass by output, plans to establish its first overseas production base in North Africa in the second half of this year.

Prada aiming to bag $2.6 billion in HK IPO

2011-06-07 13:28:40

Prada SpA's initial public offering in Hong Kong is poised to raise as much as $2.6 billion, according to a person with knowledge of the matter.

Gartner aims for revenue gains in Chinese market

2011-06-07 10:39:26

Gartner Inc, a US-based information technology research and advisory company, aims to triple its revenue in the Chinese market to $30 million by 2013, according to the company's China president.

Beijing home prices feel the chill of cooling measures

2011-06-07 10:26:40

New-home prices plummeted by more than 20 percent year-on-year in the capital city in May, and analysts said other cities will follow the trend in the second half of this year.

China's capital market faces 3 problems

2011-06-07 10:11:01

China's capital market faces three problems namely marketization, market structure and cultural factors, a senior official with China Securities Regulatory Commission has said.

Yangshan adds depth to planned Shanghai hub

2011-06-07 10:07:09

Yangshan Deep-water Port's throughput volume will grow by at least 40 percent, on the back of Shanghai's ambition to become an international shipping hub, said a senior executive from the port's development company.

Textile industry rues cotton price volatility

2011-06-07 09:59:26

The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan.