< img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=0wrPn1QolK10Cs" style="display:none" height="1" width="1" alt="" />

Monthly Archives: December 2014

China to set up first nationwide property registration database

The State Council on Monday issued long-awaited new real estate registration regulations, which aim to curb corruption by preventing government officials from concealing their ownership of properties. The regulations, which will take effect from March 1 next year, will help form China’s first nationwide real estate registration database. Previously this...
Read more

China releases design specifications for high-speed railway

The National Railway Administration (NRA) on Monday officially unveiled the country’s first design specification standards for high-speed rail links. “These specifications are fundamental and important technical requirements,” said the NRA in a statement. The administration laid down standards for nearly 20 fields involved in the design and construction of lines...
Read more

Golden year for Chinese cinema

China’s box-office totals shone brighter than ever in 2014. Wang Kaihao reports. This year was by many measures the best yet for Chinese cinema, although obstacles are expected alongside opportunities in 2015, insiders say. Already, 2014 marks the most profitable year for the country’s box office, which totaled 25.9 billion...
Read more

Ikea opens new shopping center in South Beijing

The Swedish LIVAT Shopping Centre, invested and wholly owned by Inter IKEA Centre Group, opened on Friday in Beijing. Located near the South Fifth Ring Road, in the Xihongmen area, the brand new shopping centre will house more than 400 leading domestic and international brands and services. There are more...
Read more

3 international players join domestic express delivery sector

Three international logistics service providers have been allowed to enter China’s booming domestic express delivery market, State Post Bureau announced in a notice. UPS, FedEx and DHL were the only firms allowed to offer domestic shipping services in some cities prior to the announcement on Wednesday. Kerry Logistics, Yamato Holdings...
Read more

CITIC Securities becomes world’s 4th brokerage

The market value of CITIC Securities increased to 360.8 billion yuan ($58.25 billion) as of Wednesday’s close of China’s bullish A-share market, ranking the brokerage fourth in the world after Goldman Sachs, UBS Securities and Morgan Stanley. The company saw its share increase by 124.32 percent from November 11 to...
Read more

China offers to invest more in Europe

China is contemplating a fresh investment drive into Central and Eastern Europe to place its relations with Europe on a firmer footing. Premier Li Keqiang, in Slovenia on the first visit of a Chinese premier to a Balkan country in 28 years, offered cooperation opportunities in infrastructure, finance and energy,...
Read more

China’s Baidu confirms investment in online taxi service Uber

Chinese Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world’s biggest transportation markets. The companies didn’t disclose how big a stake Baidu is taking, nor how much it is...
Read more

Li’s Eurasia tour to unleash potential for regional co-op

China will establish free trade zones (FTZ) in Tianjin municipality and the provinces of Guangdong and Fujian, according to a statement issued by the State Council, China’s cabinet. The new parks will follow the successful pilot free trade zone in Shanghai, but the concept will be more localized and diversified....
Read more