BEIJING Cheap Steve Nash Jersey , April 25 (Xinhua) -- Chinese property developers enjoyed a bumper year in 2016 due to strong sales and easing monetary policies, and a strong start this year continued to bode well for the industry despite rising uncertainties.

The 96 property firms that have released annual reports showed that their combined business revenue was 908.1 billion yuan in 2016 (about 132 billion U.S. dollars), up 28.5 percent year on year, according to a report by Xinhua-run Economic Information Daily, which cited data from leading real estate agency Centaline Property.

Their combined profits were 88.33 billion yuan, a jump of 28.9 percent from the previous year that brought the sector's net profit margin to 9.73 percent from 9.69 percent in 2015.

The profit rebound is largely attributable to easing policy environment for most of 2016, which saw a boost in both prices and sales.

China's property sales recorded strong growth in 2016 with an annual gain of 22.5 percent, thanks to two years of policy easing, starting with relaxation of purchasing restrictions in 2014.

The report also noted the trend of divergence among property developers, with the stronger ones showing faster profit growth and more resilience than less competent players.

Research from the China Index Academy found a progressive decrease in the profitability levels at the top 100 property companies in China. That is to say, as you moved lower down the ladder, companies made less profits.

"The larger and stronger companies reported faster profit growth due to their advantages in capital access and funding costs...the market share of leading firms is on a notable rise," said Zhang Dawei, an analyst with Centaline Property.

For the industry's outlook in 2017, a majority of property firms stood optimistic on the market although tightening policy restrictions in major cities are set to slow sales.

Since October last year, the Chinese government has implemented a slew of measures to cool runaway housing prices, including restrictions on home purchases and increased minimum down-payment requirements.

Dozens of Chinese cities have implemented tougher cooling measures to limit price gains since mid-March, following Beijing's unprecedentedly strict curbs that lifted the downpayment ratio for second homes to 60 percent.

Even against this backdrop, major property developers have set higher performance targets for 2017. Developer Sunac China set its sales target for 2017 at 210 billion yuan, a jump of 35.21 percent from 2016.

"Major indices for property development are still on the rise, which showed government restrictive policies have not fully affected companies' confidence and the fundamentals for the property market remained stable," said Yan Yuejin, senior researcher with E-house China R&D Institute.

In a report released Monday, Moody's said China's property sales would slow from the high level in 2016 but remain within the parameters for a stable outlook.

However, the report noted that the government's wider implementation of home-purchase restrictions since September 2016 will slow sales and tighten developers' liquidity gradually, leading to more competition.

The competition resulting from slowing sales, and tightening liquidity and regulation will be exacerbated by developers' continued focus on high sales growth in 2017, according to Moody's.

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XIAMEN, Jan. 12 (Xinhua) -- Chinese police, in cooperation with their New Zealand counterpart, have catched four men in connection with the smuggling of 200 kilograms of ephedrine, customs sources said on Thursday.

It is the largest ever seizure of ephedrine, a key ingredient for making methamphetamine, in joint operation between Chinese and New Zealand police, according to the Xiamen customs in east China's Fujian Province.

In late April, 2016, 199.54 kilograms of ephedrine, with a street value of 102.07 million U.S. dollars, was discovered by New Zealand customs. The consignment was hidden in 80 boxes of paper sent from Xiamen.

A cavity had been made inside many of the boxes of paper to hide the ephedrine.

Chinese police launched an investigation as soon as they received the report from New Zealand police on May 13, the customs said.

On July 12, three suspects were seized in the cities of Fuzhou, Fujian Province; Shangrao, Jiangxi Province; and Nanning, Guangxi Zhuang Autonomous Region.

Another suspect was captured in Shangrao on Aug. 28, police said.

Officers from Xiamen customs' anti-smuggling department were sent to Auckland to gather evidence for the Chinese investigation in Dec. 2016, the customs said.

New Zealand police arrested three people implicated in the smuggling case in May 2016. They have been charged with importing and possessing controlled substances, which carry a maximum penalty of 14 years in prison.


by Xinhua writer Liu Chang

BEIJING, Dec. 22 (Xinhua) -- The largest carbon market across the globe opened this week in China, the latest in a series of concrete measures the world's largest developing country has launched in the battle against climate change.

The new program epitomizes China's strong sense of responsibility as a major country in the world, and embodies the philosophy Chinese President Xi Jinping articulated at. Cheap Jerseys   Cheap Jerseys China   Cheap Jerseys From China   Cheap NFL Jerseys Online   Cheap Authentic NFL Jerseys   Cheap Authentic NFL Jerseys   Cheap NFL Throwback Jerseys   Cheap Nike NFL Jerseys   Wholesale Jerseys China   Wholesale NFL Nike Jerseys