A property project under construction in Beijing. TANG KE/FOR CHINA DAILY China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda. Analysts said this will shore up sentiment among homebuyers and investors, and facilitate…
Chinese automaker Chery unveiled its flying car, which is able to support full autonomous driving, at its innovation conference on Friday, as it looks to carve out a competitive edge in the global automotive market. The futuristic vehicle, without a steering wheel or accelerator, has already completed a successful test flight distance of 80 kilometers.…
Prospective homebuyers look at a property model at a sales office in Beijing on Oct 6. [Photo/China News Service] BEIJING — As Niu Motian’s friends were enjoying gourmet dishes and showing off their new clothes during the National Day holiday, the white-collar employee in Beijing was conducting due diligence before buying something much more valuable.…
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A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] NEW YORK – Goldman Sachs on Sunday lifted its forecasts on China’s economic growth for 2024 and 2025 on the grounds of the country’s recent pro-growth measures. China’s gross domestic products (GDP) would expand by 4.9 percent in 2024, up from an earlier forecast…
Visitors look at self-driving vehicles displayed during the 2024 World Intelligent Connected Vehicles Conference in Beijing, Oct 17, 2024. [Photo/Xinhua] The 2024 World Intelligent Connected Vehicles Conference kicked off in Beijing on Thursday, during which a series of activities will be staged to promote the coordinated development of intelligent connected vehicles and related fields. Tanks…
The sixth China-Central and Eastern European Countries Local Leaders’ Meeting which opened on Wednesday in Yantai, Shandong province, brought together more than 300 participants from Central and Eastern European countries. [Photo provided for chinadaily.com.cn] Participants at the 6th China and Central and Eastern European Countries Local Leaders’ Meeting said the China-CEEC cooperation mechanism has promoted…
A view of the Victoria Harbor in Hong Kong. [Photo/IC] The expansion of Hong Kong’s investment-for-residency program to include investments in residential properties, as revealed in the chief executive’s 2024 Policy Address, is expected to breathe new life into the city’s wealth management by drawing wealthy individuals and facilitating capital inflow into luxury homes, experts…
Buyers check out information at a property fair in Chongqing on Oct 9. HE PENGLEI/CHINA NEWS SERVICE TIANJIN — North China’s Tianjin municipality abolished restrictive measures on home buying on Wednesday, marking another major Chinese city to adjust housing purchase policies to stabilize the real estate market. Located near Beijing, Tianjin has a population of more…
A total of 258 foreign-funded companies appeared on the four lists of top 100 foreign-invested enterprises for 2023 covering the categories of sales revenue, imports and exports value, tax contribution and job creation, according to a report published on Tuesday. Companies on the lists accounted for 33 percent of the total sales revenue generated by…