Stock prices slide more than 1 percent in Japan, South Korea, and Hong Kong. Investors expect stock prices to go lower, analyst says. Asian markets were sharply lower Monday amid signs of U.S….
Category: Economy
Beijing — For a sense of how this country’s changing demand for food is reshaping world markets, Liu Shuwen’s journey from street chicken vendor to poultry industrialist is a good start. There are the…
Recently, many local governments have announced plans to build low-rent housing. In some cities, the construction costs for low-rent housing is 1,400 yuan ($215) per square meter and each apartment is 36 square meters large….
BEIJING, May 19 (Xinhua) — China’s State Council on Thursday issued a national guideline that aims to promote sustainable and healthy development of the country’s rare earth industry. China will take effective measures to strengthen…
The Chinese government recently moved to crack down on scalpers trying to take advantage of a nationwide subsidy program that was designed to fuel home appliance sales in rural areas. In a joint statement sent…
Shrinking supplies of oil and other key resources, combined with soaring demand, have pushed energy and resource prices to record highs, threatening economic growth around the world. The international accounting and consulting company Deloitte predicts…
BEIJING – What is the most lucrative industry in China? The answer lies in selling neither securities nor real estate but in building highways. Payments of highway and bridge tolls make up as much as…
Most global investors predict China’s yuan will be convertible into other currencies by 2016, with 50 percent seeing it joining the dollar, yen and euro as a reserve currency within a decade, a Bloomberg poll…
At a time when the whole world is entangled in economic difficulties, frantic Chinese shoppers are rushing overseas to purchase luxury goods, showing their strong consumption capability to the outside world. This panic-buying phenomenon confuses…
The dollar doesn’t have much clout these days. The greenback has lost 12 percent of its value against foreign currencies since the chaotic period after the failure of Lehman Brothers in 2008, and nearly 5…