Land sales in China’s 10 major cities hit a 16-month high of 66.3 billion yuan ($10.6 billion) in November, a growth of 23 percent month-on-month and 0.4 percent year-on-year, a property report said.
Big spending Chinese people need to change their mindset and realize that luxury is more about culture and not only about money.
Chinese enterprises expect an average salary increase of 9.3 percent next year, consulting firm Towers Watson said in a report.
China's shadow banking scale is around 15 trillion yuan ($2.38 trillion) to 17 trillion yuan, around one third of the country's GDP, ANZ said in a report on Wednesday.
China's online shoppers reached 210 million by the end of June. The country is expected to become the world largest online retail market next year, overtaking Japan, said Li Jinqi, director of the Electronic Commerce and Information Department of the Ministry of Commerce on Tuesday at a forum in Shanghai.
China will loosen its strict control over low-altitude airspace in 2013 across the country, opening more airspace to private planes, after a two-year pilot reform in several cities, including Guangzhou, Hangzhou and Xi'an.
China should be able to grow at 7 percent for five years, possibly longer, by developing its own backyard, Standard Chartered said in a report on Tuesday.
China's iron and steel industry saw profit rebound for the first time in five months as prices surged amid relatively low raw material costs.
Private equity firms around the world are bracing for tough conditions for both fundraising and deal-making, according to the 2012 Global Private Equity Report.
China Mobile Ltd, the nation's largest mobile operator, plans to start commercial operations of its converged LTE FDD/TD network in Hong Kong on Dec 18, sources from telecom equipment vendors said.
The shares of Huayi Brothers Media Group tumbled significantly after a rumor that the first-day box office revenues of its newly released movie Back to 1942 were just 18 million yuan ($2.89 million), lower than expected, 21cbh.com reported.
A former police officer in South China has been sentenced to 14 years in prison for embezzling millions of yuan during the 2011 Shenzhen Universiade.
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