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In the 70 largest cities in China, the rise in prices for new housing in September slowed to 1% compared with a rise of 1.5% in August, data from the National Bureau of Statistics showed. Growth in housing prices has been fixed for 41 months. In September, 64 of the 70 largest Chinese cities showed price increases. Compared with September last year, prices for new buildings increased by 9%. The rise in prices in the secondary housing market was 9% compared to the previous month and 6.9% in annual terms. Compared with August, prices in Beijing remained unchanged in September. In Shanghai, new buildings fell by 0.1%, in Shenzhen – by 0.2%. The rise in prices by 0.4% was recorded in Guangzhou.
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 ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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 ...
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