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Holiday Retail Sales Up 3.0 Percent to $579.8 Billion
Jan.31,2013
Solid consumer spending in the month of December helped retailers finish the year with a healthy holiday shopping season, however economic uncertainties sent a cautious consumer to the stores.Read More + -
Michaels Reveals Top Craft Trends For 2013
Jan.31,2013
From craft fairs and street markets to haute couture fashion shows and pop culture, the Michaels trend team scours the globe each year to forecast trends that will inspire new ideas for all kinds of creative DIY projects. Michaels, North America's largest arts and crafts specialty retailer, uses the latest trends to make sure its shelves are stocked with an exciting, updated product mix and its website is packed with creative new ideas. Here are the newest crafting trends for 2013:Read More + -
China factory profit growth quickens as economy recovers
Jan.31,2013
Annual growth of China’s industrial profits quickened to 22.8 per cent in November from October’s 20.5 per cent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies. Chinese industrial firms made 638.5 billion yuan (US$102.4 billion), China’s National Bureau of Statistics (NBS) said in a statement published on its website, www.stats.gov.cn. A second month of strong double-digit profit growth reinforces the viewRead More + -
Foreign trade to fare better in 2013: minister
Jan.10,2013
BEIJING - China's foreign trade will fare better next year than in 2012, with the second half of 2013 outperforming the first six months, minister of commerce Chen Deming said on Wednesday. Chen made theRead More + -
Trade growth falls short of 10% target
Jan.10,2013
6.2percent achieved in difficult circumstances: customs official "Negative factors," led by eurozone woes, were responsible for the trade target being missed, said a spokesman for the General Administration of Customs on Thursday. Although there has been some recent recovery in both inbound and outbound shipments, the general situation facing exporters remains severe, Zheng Yuesheng warned. Zheng described 2012 as "a really hard year''.Read More + -
Chinese firms achieve "explosive" growth in Britain
Jan.10,2013
LONDON, Jan. 4 (Xinhua) -- Chinese companies have achieved an "explosive" growth in Britain and trade between the two countries is increasing rapidly, participants of the annual meeting of the China Enterprises Association in Britain (CEAB) held in London agreed on Friday.Read More + -
China's foreign trade grew 6.2% in 2012
Jan.10,2013
China's foreign trade in 2012 expanded 6.2 percent year-on-year to $3.867 trillion,missing the government's 10-percent annual target. The country's exports and imports volume totaled $3.87 trillion last year, and growth slowed sharply from the 22.5-percent rise registered in 2011, Zheng Yuesheng, General Administration of Customs spokesman said.Read More + -
Yuan hits record high on trade data
Jan.10,2013
China’s yuan surged to a record high on Friday after the dollar slumped against the euro and the central bank signalled increasing tolerance for appreciation amid strong export and inflation data. The yuan opened at an all-time high of 6.2187 versus the us dollar and firmed further to an intraday high of 6.2155 in early trade, a gain of 0.14 per cent over Thursday’s close of 6.2244.Read More + -
Spectre of capital flight slows China FX reform drive
Dec.14,2012
Long-time China watchers probably felt a sense of deja vu when HSBC’s chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible within five years.Read More + -
Report puts China economic growth at 8.2% in 2013
Dec.14,2012
China's economic growth may accelerate 8.2 percent in 2013 from an expected 7.7 percent this year, spurred by supportive policies, the Chinese Academy of Social Sciences said in a report today. The report, which aims to analyze and project China's economic trend next year, said the country should stabilize investment as a direct and effective measure to bolster short-term growth.Read More +
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