The private sector in Jiangsu and Zhejiang provinces is taking on the big state-owned shipbuilding giants in Shanghai. The China Securities Journal takes a look at the main players

Beijing Huaye Real Estate (600240.SH) is planning to acquire a 60% stake in Shaanxi Jinhong Investment Co for US$4.39 million (RMB30 million), the Securities Times reported. The deal includes some shares owned by Shenzhen Jinpeng Urban Investment Management Co and some owned by Shenzhen Hualongtai Trade Co. Huaye said the deal would enrich its land bank and ...

Domestic textile production has led to a tailing off of orders for new textile machines. Exports are also feeling the pinch of the global economic downturn, writes China Business News

Controls on foreign investment in China’s real estate market have clamped down on new sales to offshore investors. But properties already under foreign control are doing a roaring trade, writes Shanghai Securities News

Shanghai’s economy grew slower than the national average in the first half of the year. The chief economist at the Shanghai Bureau of Statistics tells China Business News that the sluggish half year was just a momentary blip