HONG KONG (Reuters) – China Evergrande Group (3333.HK), the country’s second-largest property developer by sales, said on Tuesday it will stay away from small cities and expensive land to sustain marg… ( read original story…
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China’s AgBank, BoC post higher profits as margins improve
BEIJING (Reuters) – Agricultural Bank of China Ltd (AgBank) and Bank of China Ltd (BoC), the country’s third- and fourth-largest lenders, reported higher profits for the first half of the year as marg… ( read…
How fashion industry destroys unsold stock, China’s part in the problem, and the steps brands are taking to make fashion more sustainable
British fashion brand Burberry caused outrage last month when it announced it had burned more than US$37 million worth of unsold clothing, accessories and perfumes last year. It begged the question: w… ( read original…
Country Garden shares see-saw amid confusion over Mahathir’s foreign property ownership ban
Even those China-backed infrastructure projects have been cancelled … The company has sold close to 10,000 property units for a total sales value of 25 billion yuan (US$3.66 billion), or for an aver… ( read…
LGBT Chinese flocking to buy Thai property
That figure is among the lowest in any major city popular with buyers from mainland China. Bangkok property also appeals as an investment for LGBT Chinese buyers. The capital’s land prices have climbe… ( read…
Property rights clarified in civil code draft
Six draft sections on specific areas of civil law were submitted to China’s top legislature on Monday, beginning the second phase of formulating the country’s long-expected civil code. The draft has a … ( read…
Land prices in China are surging, both for the living and the dead
China’s population is estimated at 1.386 billion, according to the World Bank. Chinese property prices have soared in recent years, making it increasingly costly for those living in the world’s most p… ( read original…
UPDATE 1-China Evergrande H1 core profit doubles to record, upbeat on outlook
HONG KONG, Aug 28 (Reuters) – China Evergrande Group , the country’s second-largest property developer by sales, posted on Tuesday the industry’s highest-ever first-half profit, helped by lower expens… ( read original story …)
Three tonnes of mouldy cash show why China is taking action against Huarong’s debt burden
On a spring morning on a Tuesday in mid-April, Lai Xiaomin was invited to attend a meeting by China’s newly merged banking and insurance regulator on Finance Street in the nation’s capital. As soon as…
Nissan latest automaker to target China with electric vehicles
… Nissan’s first electric sedan designed for China began production Monday at the start of a wave of dozens of planned lower-cost electrics being created by global automakers for their biggest marke… ( read original…
A New Story of Success in Retail is Being Written in China – Here’s Why
While retail reels, China offers brands insight on how to evolve. In recent months, bankruptcy has claimed some of history’s beloved retail brands. Yes, there were many contributing factors to their d… ( read original…
China’s Liaoning aircraft carrier gets brand new command centre
China’s only aircraft carrier in service is undergoing its first major revamp since it was commissioned in 2012, giving it a brand new “island” command centre. Pictures circulating on the internet sho… ( read original…
How Chinese tea-drink brand Heytea saves millions in marketing costs thanks to its millennial customers
The mushrooming of such innovative tea-drink brands across China in recent years has greatly changed people’s perceptions about a product that traditionally was consumed by the older generation. In 20… ( read original story …)
