Archive for the 'China Trade News' Category

China overtakes US as top property mart

China overtook the United States as the world’s biggest property investment market last year and will probably keep the lead in 2010 on economic growth and a lower reliance on debt, Cushman &Wakefield LLP said.
Real estate investment in China more than doubled to $156.2 billion last year, while the total for the US slumped 64 [...]

Minsheng rules out loan cuts for developers

China’s Minsheng Bank has no fundraising plans at present and will not cut loans for property developers this year, its chairman Dong Wenbiao told reporters on Thursday.
The medium-sized Chinese bank is aiming for lending growth of 23 percent this year and deposit growth of 30 percent, Dong said while attending the annual session of the [...]

Time running out on energy goals

China faces a tough road to bring its energy consumption down by 20 percent, with less than a year left to reach the target set in the 11th Five-Year (2006-10) Plan, experts and policy researchers said.
The latest data from the National Bureau of Statistics shows that by the end of 2008 China used 12.45 percent [...]

Tianjin Port reports soaring auto imports

China’s major auto import customs center in Tianjin Municipality has reported a strong increase in auto imports this year.
Customs statistics show January imports to the port hit 24,000 vehicles with a total value of 820 million U.S. dollars. Both figures represented a year-on-year jump of 120 percent.
Tianjin’s customs handle about half of China’s total auto [...]

Air China aims to buy Shenzhen Airlines

Air China Ltd, the nation’s third- biggest carrier, intends to buy Shenzhen Airlines Co to add a hub in the south of the country.
“Shenzhen Air is very important in terms of building a strategic network,” Chairman Kong Dong said today in Beijing, where he is attending a meeting of policy makers. Air China has begun [...]

Shanghai to have one more airport terminal

Shanghai will put the second terminal of its Hongqiao international airport, which is part of a three-year airport expansion program, into operation on March 16, local airport sources said Thursday.
The program, involving construction of a 362,600-sq m terminal, a 3,300-meter-long runway that is the second of the Hongqiao airport and some supporting facilities for cargo, [...]

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