China’s worldwide search for copper begins in the gnarled hands of 76-year-old Yang Caiguan, who is fiddling with the cables of his digital television tuner.
China’s home buyers are being offered no-money-down purchases in an echo of the subprime lending that triggered a U.S. economic meltdown and the global financial crisis.
Liu Yuan, son of former Chinese President Liu Shaoqi, was named political commissioner of the general logistics department of the Chinese People’s Liberation Army, the China News Service reported on its website today.
China’s new home sales last year exceeded $1 trillion for the first time as property prices in cities the government considers first tier surged in the absence of more nationwide property curbs.
China expanded an annual property survey that helps shape policies to more than 300 cities amid growing concern of oversupply in smaller cities, according to people with knowledge of the matter.
A Chinese film-finance group plans to invest $300 million in 10 English-language films, starting with “Ming: The Annihilator,” based on a character from Spider-Man creator Stan Lee.
"New-home prices are dropping because the supply is much larger than the demand."
- Liu Yuan on Dec 17, 2014