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China’s Okay Airways stops passenger service
China’s first private airline Okay Airways has indefinitely halted its passenger services although there are reports that the stand down is just for one month. The Juneyao Group, controlling...
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China property slump continues to continue
Construction of homes, offices and factories in China fell at least 16.6% in October after rising 32.5% a year earlier. Building is the biggest driver of China’s expansion, contributing a quarter of...
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Hainan Air says parent may seek government cash injection
China’s Hainan Airlines has said its parent was considering seeking financial help from the government, playing down a local media report about an imminent cash injection. Beijing News reported that...
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Shanghai offers support in crisis
The Shanghai government has established a technology finance firm, an insurance designed for high-tech firms and provided platforms to encourage innovation and support such firms during the global...
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Radisson Plaza hotel will open in Sanya, China
Carlson Hotels Worldwide Asia Pacific has signed an agreement with the Sanya Lu Hui Tou Tourism Development Company to manage a new Radisson Plaza hotel in Sanya, Hainan. The Radisson Plaza Hotel Sanya...
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More property transaction tax cuts expected in China as latest figures look grim
China is ready to cut business and income taxes on property transactions to give a boost to the ailing real estate sector after government figures showed a sharp drop in home sales in November...
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China loan could boost Brazils economy
The Brazilian economy could soon receive a huge boost after it emerged that China has offered the country a loan to help it fully exploit its lucrative oil reserves. The $10 billion (£6.75 billion)...
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Gubei progressing well on up-market project
Work on a 30-storey, 190,000-square-meter upmarket commercial project has started in Shanghai’s Changning District. The RMB1.3 billion ($190 million) Gubei GIFC II, in southwestern Gubei new area, will...
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China publishes details of real-estate stimulus package
The General Office of the State Council, or Cabinet, on Sunday unveiled more details of a real-estate stimulus package adopted at an executive meeting of the Council last Wednesday.• Wen calls for...
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API enters agreement with Sky-Blue Aviation Academy
Aerospace Products International(API), a wholly-owned subsidiary of First Aviation Services and a supplier of distribution and supply chain services for the aviation industry, has announced a general...
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Real estate needs confidence-building
The Chinese government has launched a series of tax and fee cuts to boost the real estate sector. But what do real estate developers think about the new package? Chen Shun, president of China Sports...
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China property market looks overseas
Dropping property prices and the depreciation of foreign currency are fueling Chinese ambitions to buy homes overseas. These prospective buyers mainly target properties valued from $300,000 to...
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Property tax cuts in China near limit
Qin Hong, deputy research head at the Ministry of Housing and Urban-Rural Development said in an interview with the China Securities Journal that China is unlikely to cut property transaction taxes...
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Chinese premier says innovation can reduce impact of global crisis
During a visit to Haier, the country's largest appliance maker, the premier praised its sales promotion and services in rural areas as a factor stimulating rural consumption, which he said would help...
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Eastern, Shanghai Airlines may or may not eventually merge
A merger between China Eastern Airlines and Shanghai Airlines is possible as it is reported the idea has strong support from the Chinese central and local governments. The suggestion is that Shanghai...
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Tibet cuts fares, hotel rates to attract winter tourists
Tibet’s tourism market — badly affected by riots in March — has cut travel and hotel costs in hopes of luring domestic and international sightseers. Deputy chief of the tourism bureau, Wang Songping,...
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Macquarie cuts price for high-end China property
An investment arm of Australia’s Macquarie Group has slashed prices by about a third from levels quoted nine months ago for one of its top-end Shanghai properties, underlining the difficulties...
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Helicopter joint venture established in Tianjin
A helicopter joint venture has been established in Tianjin and the plan is the first light-weight civil helicopter will be fully assembled by the end of this year. The China Aviation Industry Corp, or...
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Fewer visitors to China last year despite Olympics
The number of travelers to China dropped by 2 million in 2008 in what was supposed to be a banner year for tourism. Instead, it became one dampened by Olympics-related security measures and the global...
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China Eastern Airline tries to ride out economic recession
An array of 256 measures are being formulated by China Eastern Airlines to stem further losses during the global economic recession...
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