Here is a list of the day’s latest China real estate news collected from around the web:
- Affordable Housing Expected to Hold Up China’s Property Market
Premier Wen Jiabao’s tough stance on the property market at the National People’s Congress earlier this month signaled policies – such as limits on the number of homes a citizen can purchase – will not be eased in the short run.
- China’s Industrial Company Profits Fall 5.2% on Exports
Chinese industrial companies had their first January-February profit decline since 2009 as slowing exports and a government campaign to cool property prices damped earnings.
- CapitaMalls Asia included as constituent stock of Hang Seng Global Composite Index and Hang Seng Foreign Companies Composite Index
CapitaMalls Asia Limited (SGX: JS8 and HKEx:6813) is pleased to announce today that it has been selected as a constituent stock for both the Hang Seng Global Composite Index (HSGCI) and the Hang Seng Foreign Companies Composite Index (HSFCCI).
- Apple Plans Further Investment in China as Cook Visits
Apple Inc. (AAPL) said it plans “greater investment” in China as Chief Executive Officer Tim Cook visited the world’s most populous country, where store openings have trailed a forecast the company made two years ago.
- HTC plans up to 4,000 new retail stores in China
HTC Corp (宏達電), the world’s No. 5 smartphone brand, plans to expand its retail stores in China to between 3,000 and 4,000, from the current 2,000, by the end of this year in view of China’s strong demand for its smartphones, a company official said yesterday.