A year ago, rising domestic property prices would most likely have prompted policymakers to reach into the cupboard and pull out a blanket and smother them. Former premier Wen Jiabao, who stepped down in March, oversaw a nearly ...
Tags: Real Estate Measures
A celebrated Chinese economist has underscored the need for China to adopt a unique pattern in its urbanization effort, much owning to the country's current urban-rural dualism that was implemented in the late 1950's. Li Yining, Honorary ...
Tags: Urban-Rural Dualism
Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
BEIJING-Signs of more appetite in China for steel and other materials and equipment used in construction add to evidence of an economic rebound, but one driven by a return to ramped-up spending on infrastructure and heavy industry the ...
Tags: Steel, Metallurgy, Mineral, Energy
Chinese investors are looking abroad for high-return opportunities as domestic economic growth slows and the yuan continues to strengthen, a study said. A report released on Tuesday by real estate services firm Jones Lang LaSalle ...
A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition. Hundreds of underground banks that mushroomed in ...
Tags: Economic Transition
In July this year, the average prices of residential housing in 100 major cities in China rose by 0.87 percent compared to June, rising to RMB 10,347 per square meter, as announced on August 1 by the China Index Academy, a Beijing-based ...
Bank of Communications (BOCOM), China's leading commercial bank, released its projections on Monday for China's economy in the second half of 2013, predicting gross domestic product growth of around 7.5 percent by the end of the year. ...
Tags: Economy
U.S. economic growth will be somewhat restrained, but not deterred, and improving fundamentals provide reason for optimism by the end of 2013 and through 2014, according to a new forecast. The Manufacturers Alliance for Productivity and ...
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges. That’s according to panelists at the “Challenges and ...
Tags: Housing Market, Opportunities
While retail sales were up in April, the growth rate was less than impressive based on data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that April retail sales at ...
Tags: Processing Machinery, Commerce, NRF
Consumers cooled spending in March as the impact of colder weather across the country and harmful fiscal policy, namely the payroll tax hike, caught up to the economy and weakened retail sales. According to the National Retail Federation, ...
Tags: Economic Policy, Retail Sales
Hooker Furniture said sales rose 9.7% in the fourth quarter, as the company finished its fiscal year with solid performances by its case goods and upholstery segments. Profits also jumped to $3.7 million, or 34 cents per share, in the ...
Tags: Hooker Furniture, Furniture, Furnishing
Coming off a better than expected month in February, retail sales were somewhat lackluster in March, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported ...
Tags: retail sales, retail, Manufacturing
In March this year, China’s State Council issued its new regulatory policy on the domestic real estate market, indicating that local governments should issue specific policies based on the State Council’s regulations. As of ...
Tags: Real Estate Sector, Mineral, Metallurgy