China will face considerable pressures caused by increasing housing prices in the next 20 years as a hefty demand for housing will persist amid the nation’s accelerated urbanization and industrialization, a senior official said on Monday.
“Demand is big, while land supply is limited. So pressures caused by rising prices are still mounting,” said Jiang Weixin, [...]
China needs to strive harder to reach its goal of energy conservation set by the 11th Five Year Plan (2006-2010), said Li Pumin, spokesman of the National Development and Reform Commission.
According to the plan, China will cut its per unit GDP energy consumption by 20 percent (compared with the 2005 level) at the end of [...]
Aviation Industry Corporation of China will invest 3.3 billion yuan ($483.9 million) to develop new energy enterprises in China’s northeast, the company said Monday.
The State-owned company said it would build wind power stations of 200,000 kilowatts (kW), natural gas power stations of 100,000 kW and solar power stations of 40,000 kW installed capacity in the [...]
China’s real estate industry is in an “undisputable” bubble with its skyrocketing property price fermenting an imminent structural inflation that might hijack the country’s booming economy into violent fluctuations, a high-ranking official said on Wednesday’s Beijing News.
“The over-speedy price hike is evident of an undisputable bubble in the property market, which is a major propeller [...]
Home sales exceeded 6 trillion yuan last year, one-fifth of total gross domestic product
China seems to be caught in a dilemma - while soaring property prices have left millions of people out in the cold and fueled growing concern over an asset bubble, the property sector remains a key economic driver.
To some extent, China’s economy [...]
China would put more emphasis on adjusting its energy structure this year with focus on renewable energy and nuclear power, director of China’s National Energy Administration (NEA) said Tuesday.
Zhang Guobao, also vice-minister of the National Development and Reform Commission and member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), made the [...]
