Dongfeng Peugeot has closed its flagship store on Shanghai’s Weihai Road after it failed to make a profit following its launch in August 2006, the Oriental Morning Post reported. “We opened this flagship store to campaign for the Peugeot br...

Shoemakers in the Pearl River Delta region in southern China’s Guangdong province exported 940 million pairs of shoes in the first five months, down 25.7% year-on-year, the China Securities Journal reported. The downturn came after half of the region’...

Hefei Celebrities Real Estate, a subsidiary of Celebrities Real Estate Dev Group (000667.SZ), will pay Hengdian Group US$40.80 million (RMB280 million) for a 51% stake in Anhui Dongci Investment Co, the Securities Times reported. Anhui Dongci owns a two million square meter t...