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Prices for new housing in 70 major cities in China increased by 0.6% in April compared to March, when growth was 0.4%, according to the Wall Street Journal, based on data from the Office for National Statistics of China. In annual terms, the indicator increased by 5.3% after rising by 5.5% a month earlier. Last month, the largest cities in China recorded a decline in prices for new buildings. For example, prices in Shanghai declined by 0.2% in annual terms, in Beijing and Guangzhou - by 0.8%, in Shenzhen - by 2.2%. The rise in prices for new housing in the PRC accelerated due to increased growth in some of the smaller cities. The rise in house prices in April in monthly terms was observed in 58 of the 70 Chinese cities.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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