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China's home prices see mild increases in February

A riverside residential compound. /CFP China continued to see a generally stable housing market in February, with home prices in 70 major cities showing mild month-on-month increases, official

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How Cuban monetary reforms will impact daily life

02:33 In a move to overhaul its economy, Cuba has dismantled its two-tier monetary system leaving the traditional peso as the only official currency. The change is part of a larger set

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Sonos launches an $8/month streaming radio service

There’s no shortage of streaming music options in the world, but the fine folks at Sonos decided we can all do with one more. Following the April launch of the ad-supported Sonos Radio, the company j

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German ministers decline invitation to G7 meeting in Washington: report

German Foreign Minister Heiko Maas and Minister of Finance Olaf Scholz have reportedly declined an invitation to attend the gathering of ministers from the Group of Seven (G7) in the United States

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Hubei downgrades COVID-19 emergency response level from Saturday

Hubei will downgrade its COVID-19 emergency response level from two to three as of Saturday, a provincial official told a press briefing on Friday.The numbers refer to a four-tier response system, in

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China vows consistent financial policy to curb housing speculation: central bank

China will maintain a consistent and stable policy on real estate finance and avoid using the property sector to generate a short-term stimulus to the economy, according to a central bank repor

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China's housing market remains stable in April with prices edge up

China continued to see a generally stable housing market in April, with home prices in 70 major cities showing milder month-on-month increases, official data showed on Monday.New home prices in four

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China's home prices stay generally stable in January

China's property market in major cities continues to stabilize after authorities take a string of measures to contain price hikes. /VCG Photo China continued seeing a generally stable housing

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Chinese housing developers target third and fourth-tier cities

TopfiverealestatedevelopersinChinahavespent842.1billionyuan(US$129.4billion)purchasinglandin2017.Affectedbytheregulationslaunchedinfirstandsecond-tiercities,ita

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Ivory ban weakens demand, likely to save African elephants

ArecentreportonivorydemandinChinahasrevealedthatnearly55percentofpreviousivorybuyershavestoppedpurchasingivoryproducts,keepinginviewtheforthcomingban.Domestictr

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Top 15 'new first-tier' cities in China

A total of 15 cities have joined the club of China's new first-tier cities due to their commercial charm, according to a report by the China Business Network (CBN) Co Ltd.

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Chocoholics in China lean towards western brands

Domestically made chocolates have suffered a crushing defeat against foreign brands ahead of the Valentine's season, a business newspaper found.

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China's dual-track property market demands two-speed policy

Property prices in China's upper-tier cities continued to surge while the overall growth momentum has decelerated, according to statistics released Monday.

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Growing overseas returnees drawn to new boomtowns

Five years ago, Du Juan, a native of Chengdu, Southwest China's Sichuan province, was wondering where to go for work after she graduated from Michigan State University.

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Property analysts flag concern as developers fuel buying frenzy for land sites in China's second-tier cities

A building site in Xiamen fetched a record price at auction last week, as Poly Real Estate outbid 30 developers.

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The difficult balancing act of China's housing market

​The central government is facing a daunting challenge: While there is a glut of property stock in small cities, there is also limited land and high housing prices in metropolitan areas, posing major headwinds for the slowing economy.

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"Land kings" highlight China's dual-track property market

The return of "land kings" -- as plots sold at record prices are dubbed in China -- has highlighted duality in the property market.