Pedestrians pass a highrise under construction in Beijing Wednesday. A survey of urban residents carried out by China's central bank in November found that 67.2 percent of respondents thought property prices "too high to accept," up 2.1 percentage points from the previous quarter. Photo: AFP By C...
Shenyang, the capital of Liaoning Province, saw the average price of houses amounted to RMB 4,062.55 per square meter in November, representing a year-on-year increase of 16.35%, sources reported. In September, the city saw the highest monthly average price of residential properties, which hit RMB 4,377.5...
China will revise the percentage that coal-fired power plants are required to absorb in the change in coal costs while setting a cap on thermal power price rises, the government said Tuesday. Under a scheme introduced in 2004 that links coal and power prices, the government will adjust power pric...
Wuhan Iron and Steel (Group) Corp, the parent of Shanghai-listed Wuhan Iron and Steel Co Ltd<600005>, will hike prices of its steel products by RMB 100 to RMB 550 per ton in January 2010, sources reported. Prices of hot-rolled steel products will increase by RMB 200 per ton, and cold-rolled steel products prices...
Prices of edible oils will probably decline next year, said Shang Qiangmin, an official from the China National Grain and Oils Information Center, sources reported today.The current 10% to 15%t increase in the edible oil prices is due to China's dependency on imports and the country's edible oils consumption...
By Wang Xinyuan Shoppers are feeling the pinch of rising food prices, though the overall increase in the price of consumer goods remains well below the official definition of inflation. An elderly couple surnamed Wang and Li shopping together for eggs at a Beijing market Saturday said food price...
Home prices in 70 large and medium-sized Chinese cities rose 5.7 percent in November from a year earlier, the National Bureau of Statistics (NBS) announced Thursday. The year-on-year price growth rate was 1.8 percentage points higher than that of October, the NBS said. Sales prices for new homes ...
Property prices in 70 major Chinese cities rose 5.7% year on year in November, according to statistics released by National Bureau of Statistics today.The growth was 1.8 percentage points higher than that in October.During the month, new residential property prices climbed 6.2% from a year earlier, 2.2...
A Kweichow Moutai assembly line in Southwest China's Guizhou Province. The liquor maker announced it will raise its factory prices by 13 percent beginning January 1. Photo: CFP By Wang Xinyuan Pleasing boozy bosses or in-laws will be a pricier proposition this New Year, as factory prices on Mout...
China's leading high-end spirit band Kweichow Moutai Co., Ltd., announced Sunday that the price of maotai will go up an average of 13 percent from Jan 1, 2010, forecasting a rise in prices of all high-end spirit bands in the Chinese spirit market. According to the company, a bottle of maotai cont...