THE affordability ratio for residential flats in the New Territories has reached its record high, suggesting the market is more vulnerable than ever to unforeseen surprises, according to a report by S. G. Warburg.Sunday, 3 April, 1994, 12:00am
TO say that New World Development's recent retreat from its Beijing retail project was a result of China's credit crunch would make a splash - if that were the case.
This week, a New World official confirmed that the company had decided not to go ahead with the $700 million department store project in the capital's Xidan shopping district.22 Jul 1993 - 12:00am
HOW the current economic crisis compares with the events which led to the 1988-89 clampdown.28 Jun 1993 - 12:00am
SPORTS shoe and clothes wholesaler Fortei will raise about $100 million in its public share issue, to open sales outlets in major Chinese cities.
At a presentation yesterday, company officials said new shares representing 25 per cent of the firm's enlarged capital would be issued to public investors.
However, pricing details were unavailable.17 Jun 1993 - 12:00am