China stocks sag on property curbs, slowdown fears

SHANGHAI, Sept 25 (Reuters) - China stocks fell on Monday, as developers slumped after a new round of government curbs to rein in the heated housing market. The blue-chip CSI300 index fell 0.5 percent, to 3,817.79 points, while the Shanghai Composite Index ... ( read original story ...)

Shares in Chinese property developers are getting hammered

“The recent success of policymakers to reign in property price growth amongst China’s larger cities look set to extend to third-tier cities,” he wrote in a note released last month. “Mortgage lending has advanced around 24% year-on-year in first ... ( read original story ...)

China Unicom sets up big data company

BEIJING, Sept. 25 (Xinhua) -- China Unicom announced Monday the establishment of a big data unit in its latest effort to seek new growth as traditional business shrinks. The new subsidiary will make full use of the telecom carrier's advantage in cross ... ( read original story ...)

As China Piles on Debt, Consumers Seek a Piece of the Action

Now, it’s Li Jing’s turn. Ms. Li, a 33-year-old car saleswoman here in the middle of China’s declining industrial zone, is one of the growing millions of Chinese using mortgages and credit cards to finance a middle-class lifestyle. Over the past two ... ( read original story ...)

Financial market reform crucial to China’s economy

China is expected to further open up its financial market as part of a strategy to expand its economy in the coming years, according to Harvey Schwartz, president and co-chief operating officer of Goldman Sachs Group. China’s pace and direction for ... ( read original story ...)

Chinese brands outstrip rivals in market share

That's more than double the growth rate of the passenger car sector as a whole, according to statistics from the China Association of Automobile Manufacturers. Chinese brands seized 43.2 percent of the market share in the period, far higher than the runner ... ( read original story ...)