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US unlikely to grant China market economy status soon: US unlikely to grant China market economy status soon From: China Daily The United States is unlikely to accept China's market economy status (MES) before 2016 and both nations should act according to World Trade Organization (WTO) norms when launching trade remedy cases against ...

China s April electricity consumption rises 23%: China s April electricity consumption rises 23% From: Xinhua China s electricity consumption rose 23.1 percent year on year to 339.4 billion kilowatt-hours (KWhs) in April, the National Energy Administration (NEA) said in a statement on its website Friday. The growth rate was two ...

China works toward balancing foreign trade: China works toward balancing foreign trade From: Xinhua The goal of China s foreign trade policy in 2010 was to improve its trade balance while maintaining steady export growth, said the Ministry of Commerce (MOC) spokesman last Thursday. The country s trade surplus was expected ...

China s April CPI up 2.8%, further rises expected: China s April CPI up 2.8%, further rises expected From: China Daily China's consumer price index (CPI), a main gauge of inflation, increased by 2.8 percent year-on-year in April, the National Bureau of Statistics (NBS) announced today. The rise was 0.4 percentage point higher ...

China s wage proportion decreases for 22 years: China s wage proportion decreases for 22 years From: China Daily The proportion of China's GDP that goes toward wages has been shrinking for 22 consecutive years, a senior trade union official said on Wednesday. Zhang Jianguo, chief of the collective contracts department with the ...

Hold off being bullish on China s luxury market: Hold off being bullish on China s luxury market China's wealthiest consumers shrugged off the global financial malaise faster than their peers in other parts of the world, but high-end Western brands shouldn't see the Chinese market as a free-for-all just yet, say the authors of ...

Trade surplus plunges, easing pressure on yuan: Trade surplus plunges, easing pressure on yuan From: China Daily China's trade surplus nosedived 87 percent from a year earlier to $1.68 billion in April, a drop analysts said will ease the pressure on revaluation of the yuan. Exports surged 31 percent to $119.9 billion while ...

China s GDP grows 11.9% in Q1, fueling overheating fears: China s GDP grows 11.9% in Q1, fueling overheating fears From: Xinhua China s economy expanded 11.9 percent year on year in the first quarter, indicating a solid recovery of the world s third largest economy, but also fanning concerns of asset bubbles. The gross domestic product ...

Total retail sales of consumer goods in the 1st Quarter stood at RMB3.6374t, up 17.9% year-on-year: Total retail sales of consumer goods in the 1st Quarter stood at RMB3.6374t, up 17.9% year-on-year In the first quarter, the total retail sales of consumer goods stood at RMB3.6374t, up 17.9% year-on-year, up 2.9 percentage points from the same period last year. In terms of ...

China s Q1 power consumption jumps 24 pct to 970 bln KWhs: China s Q1 power consumption jumps 24 pct to 970 bln KWhs China s electricity consumption in the first quarter rose 24.19% year on year to 969.5 billion kilowatt-hours (KWhs), the National Energy Administration (NEA) said. The figure was 10.5 percentage points higher than the ...

CPI rose 2.2% year-on-year in the 1st quarter: CPI rose 2.2% year-on-year in the 1st quarter The National Bureau of Statistics recently released the national economic operation that the Consumer Price Index (CPI) rose year-on-year, with the prices of production rising rapidly. In the first quarter, CPI rose 2.2% from a year ...

U.S. March retail sales continue 3-month growth trend: Better Days Here? Economic Rebound Gains Strength Retail sales post gain for third straight month; consumer inflation remains tame In. U.S., Shoppers and businesses are feeling better about the recovery. That was the encouraging message from a trio of economic reports Wednesday ...

China welcomes international aid to quake relief: China welcomes international aid to quake relief China welcomes and appreciates the international community s willingness to aid quake relief work in northwest China s Qinghai Province, Foreign Ministry spokeswoman Jiang Yu said on Sunday. Jiang said the international community ...

China s FDI Statistics in Q1 of 2010: China s FDI Statistics in Q1 of 2010 According to the statistics of the Ministry of Commerce, the number of newly-approved overseas-funded enterprises amounted to 5,459, up by 19.87% year on year. The actual use of FDI (Foreign Direct Investment) rose by 7.65% year on year to US...

Report: U.S. mobile e-commerce sales to rise dramatically by 2015: US Mobile ECommerce Revenues Set to Rise to $23.8bn in 2015 Coda Research Consultancy forecasts that mobile eCommerce revenues in the US will reach $23.8bn in 2015. This is a compound annual growth rate of +65% over 2009. A central driver to this growth is smartphone ownership ...

China faces energy challenges in switch to low-carbon economy: China faces energy challenges in switch to low-carbon economy China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs integrated ...

China s new loans reach 2.6 trillion yuan in first quarter: China s new loans reach 2.6 trillion yuan in first quarter China s new yuan-denominated lending in March slump to 510.7 billion yuan (74.8 billion U.S. dollars) from February s 700.1 billion yuan, the People s Bank of China, the central bank, said. The March figure brought new ...

China s SOEs regroupment progresses steadily: China s SOEs regroupment progresses steadily The regroupment of State-run companies is making steady progress. By the end of this year the number of SOEs will be reduced further by 26. That s according to the deputy director of State-owned Assets Supervision and Administration ...

Shanghai launches reform on land sales: Shanghai launches reform on land sales Meanwhile in Shanghai, the municipal government has also launched reforms to control housing prices. Land sales in Shanghai will no longer be decided solely based on how much money is offered. The Shanghai Municipal Land and Resources ...

China auto sales jump 56% year-on-year in March: China auto sales jump 56% year-on-year in March China s auto sales continued their strong growth in March, fueled by government incentives designed to boost domestic consumption. Auto sales in China climbed 55.79% from a year earlier to about 1.74 million units in March, first ...

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Retailer's Net Profit Falls 3%: A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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