Chinese investors remain positive on the property market with 92 percent expecting residential property prices to stay at current level or rise 4.4 percent on average in the first quarter of 2010, a survey found.
The survey, released Wednesday by ING, a global financial services group, also found 86 percent of Chinese investors believed a bubble [...]
A Chinese bullet train producer said Thursday that it is expanding production capacity to cope with the country’s rising demand for high-speed railways.
Wang Chenghui, deputy general manager of Tangshan Railway Vehicle Co. Ltd., said the company would double its monthly production capacity in the first half of 2010 to eight bullet trains each with eight [...]
China’s banking regulator asked lenders to keep credit growth at reasonable pace in 2010 and vowed to tighten supervision on property loans amid increasing risk of asset bubbles.
“Banks should reasonably control new loans, better manage the pace and try to achieve balanced issuance and steady growth of credit quarter by quarter, ” Liu Mingkang, chairman [...]
China’s third generation (3G) mobile technology users hit 13.25 million at the end of last year, according to the Ministry of Industry and Information Technology (MIIT).
Meanwhile, the number of users of the nation’s homegrown 3G standard TD-SCDMA, which has been adopted by China Mobile, hit 5.51 million at the end of last year.
The number of [...]
Construction machinery manufacturers will report better-than-expected earnings for 2009, thanks to a huge increase in demand from the government’s stimulus package.
Eighty percent of manufacturery expect last year’s profits to reveal record growth, above the 60 percent average reported by listed companies that filed pre-disclosures in their annual reports recently.
There are currently 96 listed machinery makers [...]
China’s passenger traffic is expected to reach 2.5 billion around the Chinese New Year, an increase of 7.7 percent from the previous year, an official with the National Development and Reform Commission (NDRC) said.
A total of eight ministries of China including the DNRC held a meeting yesterday to arrange the New Year, or Spring Festival, [...]
