Linda Wang, a 30-year-old Shanghai native, bought a 186-square metre new home in the city’s downtown Xuhui district at 26.4 million yuan (US$3.7 million) on August 29, after she and her family sold ... ( read original story ...)
Where Shanghai’s elite once hobnobbed, memories of a glamorous past persist
Nanchang Road once thrived as an old Shanghai social hotspot, where the elite rubbed shoulders at what was once a German country club, shopped in the Nanchang Building and relaxed in Fuxing Park. ( read original story ...)
Iron ore tumbles back below US$100 as China property woes deepen
THE price of iron ore fell back below US$100 a tonne to snuff out a rebound, as pessimisim over China’s economic prospects weighed on industrial commodities. Read more at The Business Times. ( read original story ...)
Iron ore price tumbles back below $100 as China property woes deepen
The steel-making material rose almost 10% over the past two weeks on tentative signs that the worst of China’s summer steel rout might be over. ( read original story ...)
Iron Ore Tumbles Back Below $100 as China Property Woes Deepen
Iron ore slumped back below $100 a ton, snuffing out a rebound, as pessimism over China’s economic prospects again weighed on industrial commodities.Most Read fromA Guide to Urban Swimming in Europe, ... ( read original story ...)
China’s top banks post lower second quarter profit as property sector weighs
Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a ... ( read original story ...)
Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn
Shanghai-based developer posted a loss of 22.7 billion yuan (US$3.2 billion) for the six months to June, compared with 12 billion yuan a year earlier. The company also replaced its outgoing chairman ... ( read original story ...)