News@ChinabyNumbers

Hong Kong developer Hang Lung Properties has purchased two pieces of land in mainland China for a total of about US$733 million. The investments, which include a US$659.35 million deal in Dalian to build a shopping mall and a US$60.8 million purchase in Wuxi, near Shanghai, are seen as a sign of renewed faith in [...]

China’s steel industry expects a surplus of iron ore and falling prices in the global market next year, as the global economic crisis slows economic growth and orders from steel makers. “It’s clear where iron ore prices will be going,” said Liang Shuhe, deputy director of foreign trade at the Ministry of Commerce, at a [...]