Biz China Weekly

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Signs of cooling emerge as Chinese cities control 
property markets

Signs of a cooling effect have emerged as Chinese cities have taken steps to control their red-hot property markets.

Macro

China has accomplished its goals for cutting excess capacity in 2015, authorities announced Sunday.

Trade

  • China's direct investment in the United States reached a record high of 8 billion U.S. dollars in 2015 as Chinese firms continued to expand overseas.

  • China's foreign trade remains under heavy downward pressure due to increasing uncertainties, despite improved export and import data in August, an official has said.

In-depth

Chinese spent a record high sum of money on shopping and food during the past week-long National Day holiday, according to the Ministry of Commerce on Friday.

China's central government will continue to focus on destocking excess houses, especially in lower-tier cities, while implementing city-specific policies to tackle sharp housing price rises in higher-tier cities or cities with low stocks, according to a report released by international rating firm Fitch.

Fuyao Glass America celebrated the grand opening of its newest U.S. facility in Moraine, Ohio Friday, marking the largest glass fabrication plant in the world.