(Reuters) – China’s services sector expanded at its fastest pace in three months in June, an official survey showed on Tuesday, but left intact market expectations that Beijing will deliver more policy measures to support growth in the near future. The latest survey by the National Bureau of Statistics and the China Federation of...
HONG KONG – Chinese President Hu Jintao said Saturday that facts have shown that Hong Kong compatriots are capable of managing, building and developing the city well. Addressing the welcoming dinner hosted by the government of the Hong Kong Special Administrative Region (HKSAR), Hu said what has happened in the city over the past...
By BOB DAVIS And ESTHER FUNG BEIJING (WSJ) — China’s battered real-estate market appears to be turning around, strengthening an important pillar of growth and reducing the chances that China’s slowing economy will stall in the second half of the year. According to a survey of property developers and real-estate firms, the average price...
The growth of China’s high speed train network continues unabated. Latest in date is a 293-km section on the new line linking Shanghai to Chengdu in Sichuan. YICHANG – The Hanyi Railway, a section of a major high-speed rail corridor between the eastern metropolis of Shanghai and southwest China’s city of Chengdu, opened on...
By Shan Juan and Wang Qingyun A woman takes away her medicines after paying for them at Beijing Friendship Hospital on Monday. By Li Wen (Xinhua Photo) BEIJING (Xinhuanet) — All public hospitals in the southern boomtown of Shenzhen and one in Beijing have begun scrapping their drug markups, leading the way in...
HONG KONG – Hong Kong on Sunday celebrated the 15th anniversary of its return to China from the colonial rule of Britain. The following is a snapshot of the Hong Kong Special Administrative Region in figures: 1 — Hong Kong’s worldwide ranking in terms of IPO funds raised in 2011, with a total amount...
The extreme wealth of China’s political elites has lately been a hot topic in the Western media. The Bo Xilai scandal dribbled blood into the mental waters of writers from The Daily Beast to the New York Times, and a raging feeding frenzy is now under way. The conclusion of all of the coverage...
