A Chinese person drinks on average five cups of coffee a year. In a small town of south China's Hainan Province, this rises to 200 a year.
The China Securities Regulatory Commission (CSRC) approved 10 initial public offering (IPO) applications on Monday, marking the official restart of IPOs since mid-February.
As the closing bell rang in the Shanghai Stock Exchange on Wednesday, China's equity market witnessed the first delisting since reform of the delisting rules in 2012.
Sluggish home sales, increasing market supply and declining property prices epitomize China's cooling real estate market. And there are worries that the decline may continue as banks become reluctant on mortgage lending.
Chinese President Xi Jinping has called for better coordination between government work and market forces in promoting sustainable economic and social development.
The slowdown of China's housing market has prompted prophets to predict doom in the industry and even for the country's macro-economy. But analysts argue the market is going through natural and necessary adjustment, which is good for the economy.
Explosion caused by vehicle collisions occurred around 8 a.m. Thursday at an open market in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, witnesses said.
Collecting classic cars, with a long history in Europe, has become an investment trend in recent years, especially after the financial crisis from 2008 to 2012.
China will continue striving for capital market reform to preserve the rights of medium and small investors and pursue sound development, a senior securities official said Monday.
At least six cities in China have loosened controls over the property market and more are expected to do the same as local governments are worried that sluggish home sales may drag on the economy.
The Reserve Bank of New Zealand ( RBNZ) could lift mortgage lending curbs imposed in October last year by the end of this year as the country's potentially destabilizing housing market begins to cool, a senior Reserve Bank official said Friday.
China's dairy enterprises, especially infant formula makers, are bracing themselves for intense rivalry with foreign counterparts following the country's new regulation to streamline imported dairy products.
Economists from China's leading think tanks have dismissed predictions that a possible property meltdown would trigger a crisis or even a crash in the world's second largest economy.
The slowdown of the property market that was mainly seen in China's third- and fourth-tier cities last year has spread to more areas, and analysts warn of a tough 2014 for developers.
Investors remained optimistic on the growth of the local economy, sending the Philippine stock market higher on Tuesday.
U.S. stocks rallied Wednesday, rising for three sessions in a row, as the Federal Reserve's Beige Book reassured investors by showing that the world's largest economy has been recovering in recent weeks from the abnormally cold weather this winter.
The number of newly-registered market entities grew fast in the first quarter, marking improved market sentiment, new data showed on Wednesday.
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