Chen Jingnian is a confident young man with a mission — ride the wave of Beijing’s red-h
ot real estate market and buy a luxury car before he turns 30.
Tempted by the promise of rich rewards, the 26-year-old quit a university course that laid out a path as an IT engineer to instead become a real [...]
China’s high-energy consuming industries saw its output growth declined 5.6% year-on-year to 14.5% in the first half this year, according to sources with the Ministry of Industry and Information Technology.
China’s high-energy-consuming sectors include electric power, nonferrous metals, chemicals, iron and steel, building materials and petroleum. The slowdown in output growth was attributed to the government’s [...]
Guangdong’s apparel exports slumped 31.3% from a year earlier to US$10.8 billion in the first half of the year, with proportion of the country’s overall apparel exports shrinking from 32.5% to 21.6%, latest statistics from Guangdong Customs showed.
China’s apparel exports hit US$49.96 billion in the same period, an increase of 3.4% from the previous year.
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China’s export growth may remain above 20 percent in the second half of this year if the government adjusts policies to bolster the sector, said a research report by China Construction Bank released yesterday.
But the real pace of export growth was actually slowing down sharply once price increases and the rising Chinese currency were taken [...]
China’s gross domestic product will grow 10 percent and the consumer price index will rise 6.1 percent during the third quarter, down 0.1 percentage points and 1.7 percentage points, respectively, from the second quarter, a consensus estimate by 17 Chinese and foreign institutes revealed yesterday.
“The government’s tight monetary policy is beginning to work to bring [...]
Procter & Gamble Co yesterday announced it had raised its retail price of baby and female products on the Chinese market in its latest move to offset climbing material costs.
Diapers and sanitary napkins were targets of the adjustment as the price of absorbent materials and paper pulp have grown 45 percent to 50 percent in [...]
