China's housing authority has endorsed a pilot joint ownership housing scheme in Beijing and Shanghai, as part of government efforts to stabilize the property market.
Industries
China's property market continued to show signs of cooling as home prices faltered or posted slower growth in major cities following tough purchase restrictions, official data showed Friday.
In-depth
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China's value-added tax (VAT) reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneurship.
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China hit back Friday at the S&P Global Ratings' downgrade of the country's sovereign credit rating, with the finance ministry calling it a "wrong decision."
Companies
Bank of China Malaysia (BoCM) on Thursday launched its first mobile application in Malaysia in a bid to better develop its retail banking business in the country.
Mobike, one of China biggest bike sharing brands, announced its entry into the U.S. market Wednesday in a company statement.
Airbus Wednesday inaugurated its A330 Completion and Delivery Center (CDC) in Tianjin, north China, marking the first such center for its wide-body aircraft outside Europe.
