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 [...]
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 [...]
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 [...]
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 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 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, [...]
