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Average housing prices in Shenzhen, in southern China’s Guangdong province, dropped 13% from March to US$1,701 (RMB11,900) per square meter in April, the Shanghai Securities News reported. Figures from the local land resource administrator show t...

By STAFF EDITOR
Eastern China’s Zhejiang province has overtaken Beijing as the nation’s second richest provincial-level administrative region with a per capita income of US$1,146 (RMB8,015) in the first quarter, well above the national average of US$668.38 (RMB4,675), the Beijing Morning Po...

By STAFF EDITOR
Sony’s (SNE.NY, 6758.TYO) sales in China climbed 30% during the 2007 fiscal year (1 April 2007 to 31 March 2008), well above the 6.9% growth rate it registered globally, China Business News reported. Cai Leilei, vice PR manager of Sony China, said the...

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South Korean SK Telecoms announced a US$30 million investment in Chinese online game developer Qwd1.com, China Business News reported. The investment, which will be paid over three years, is the company’s first investment in China’s online game ...

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The value of software and services exported from China is forecast to grow at a compound annual growth rate of nearly 38% through 2011, China Daily reported, citing industry estimates. The total value of software and services exported from China was an...

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China’s stock markets could be affected for months following Monday's devastating earthquake in southwest China, the Wall Street Journal reported. Stocks in companies with major operations in southwestern China and prop...

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Chinese liquid crystal display maker SVA Electron Co said Monday it planned to take over a fifth-generation TFT-LCD manufacturing unit from its parent company SVA Group and fellow subsidiary SVA Information Industry in a US$379 million (RMB2.65 billion) deal, China ...

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SCR Sifang Locomotive and Rolling Stock Co said Sunday it has inked a US$100 million deal to export metro trains to Mumbai, India’s largest city, China Business News reported. Under the terms of the deal, 18 108-car Chinese-made rapid mas...

By STAFF EDITOR
The average price for second-hand homes in Shanghai rose 1.7% from March to US$2,632 (RMB18,437) per square meter in April, the Oriental Morning Post reported, citing figures from Shanghai Centaline Real Estate Co. The total floor space traded in April...

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