Liu Yuan News
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Beijing, which already has China’s strictest real estate curbs, is being forced to take additional steps to contain surging home prices as demands for record-high down payments fail to deter buyers.
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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.
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China will boost defense spending 10.7 percent this year as the government modernizes its military arsenal and adopts a more assertive stance in territorial disputes with its neighbors.
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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.
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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.
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Nomura Holdings Inc. is recommending dollar-denominated bonds of five Chinese developers for 2013 as a recovery in sales boosts cash flow, contrasting with Morgan Stanley that has twice cut its outlook on the debt since August.
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Sherry Sheng, a 29-year-old Shanghai policewoman, bought herself a 4,000 yuan ($642) black fur jacket, splurging for the last time before she starts paying off the mortgage on her first home.
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Japanese Prime Minister Shinzo Abe denounced China’s use of weapons-targeting radar on one of Japan’s naval vessels as provocative, saying the move will undermine efforts to ease tensions over a territorial dispute.
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Kevin Xi had no trouble getting a mortgage to buy a 1.53 million yuan ($242,563) one-bedroom apartment in Beijing last month, even as China’s government tries to cool the housing market. He even got a 10 percent reduction on interest.
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China’s new home prices rose in the majority of cities the government tracks in November as property curbs slowed construction, reducing the supply available for sale.
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