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Beijing commercial housing prices down 30pct: Beijing commercial housing prices down 30pct From: Xinhua The average transaction price of Beijing's commercial housing market plummeted about 31 percent from one month before, following the central and municipal governments string of measures tightening up the runaway housing ...

China unveils details of private investment support plan: China unveils details of private investment support plan From: Xinhua China s government has opened a new range of government-run industries to the private sector, either through investment in existing companies or establishment of new firms. The government also announced ...

China s fiscal revenue up 34% in April: China s fiscal revenue up 34% in April From: Xinhua China s fiscal revenue in April rose 34.4 percent year on year to 792.6 billion yuan (116.03 billion U.S. dollars), boosted by rising tax revenues and domestic prices, the Ministry of Finance (MOF) announced Tuesday. The rise ...

Africa s local champions begin to spread out: Africa s local champions begin to spread out Foreign consumer-goods companies including Coca-Cola Co., Nestl SA and Unilever PLC have been in Africa for decades without much competition from local players. Now, home-grown companies are expanding aggressively across the continent, ...

China s trade surplus hits $1.68 billion in April: China s trade surplus hits $1.68 billion in April China returned to a trade surplus in April on strong exports growth after posting its first monthly deficit in almost six years in March, the General Administration of Customs (GAC) announced on May 10th. The GAC figures showed ...

China s retail sales to exceed 15 trillion in 2010: China s retail sales to exceed 15 trillion in 2010 According to the Business Blue Book 2010 issued by the Chinese Academy of Social Sciences, in 2010, China s total retail sales of social consumer goods will maintain a growth of about 20% to reach over 15 trillion. From 2003 to ...

Economists: China s macroeconomic control policies prove fruitful: Economists: China s macroeconomic control policies prove fruitful From: Xinhua The macroeconomic control policies adopted by the Chinese government since mid-2008 have been proven successful, two economists said last Saturday. Since late 2008, the Chinese government has taken a ...

HK ranks 2nd most competitive economy: HK ranks 2nd most competitive economy From: China Daily Hong Kong ranks as the world's second most competitive economy, following Singapore, according to the 2010 Global Competitiveness Report (GCR). The report was released by the International Institute of Management Development ...

Clothing helps push British retail sales higher: Clothing helps push British retail sales higher From: Reuters British retail sales rose slightly more than expected in April, after stronger clothing and department store sales offset static food sales, official data showed last Thursday. The Office for National Statistics said ...

U.S.middle-class consumers are moving up to higher-end retailers: U.S.: Middle-Class Turning to Higher-End Retailers As momentum of a broader economic expansion picks up and the labor market starts to stabilize, middle-class consumers are starting to turn toward higher-end retailers and away from low-price alternatives. This trend is evident in ...

Clothing prices are set to rise on increased cotton costs: Cotton Tale: Apparel Prices Set to Rise From: The Wall Street Journal After a decade of deflation, the cost of producing apparel is on the rise. Prices for cotton are up about 55% from a year earlier, and costs are rising for other raw materials as well as transportation and ...

Report: Retailers ramp up competition for prepared-food customers: Technomic: retailers getting better at competing with restaurants Technomic, in a new research report, shows that retailers are serious about competing with restaurants. Competitive pricing, improved quality of prepared foods and more variety have positioned retailers food...

E-commerce continues to grow: E-retail puts together back-to-back double-digit growth quarters The double-digit growth in e-commerce in the fourth quarter was no fluke: The U.S. Commerce Department reported today that e-commerce sales grew 14.3% in the first quarter, following the fourth quarter 14.6% gain. ...

New Zealand retailers expect surge in big-ticket sales: Big-ticket buying rush predicted before GST hike Retailers are predicting a rush in big-ticket sales before the GST rise announced in Thursday's Budget takes effect in October. Noel Leeming Group general manager of merchandise, Jason Bell, says historical trends show people buy ...

Cotton prices to extend rally: Cotton prices to extend rally From: People s Daily Cotton prices surged to a new record high on Wednesday, fueled by a tight supply and low stockpiles of the fiber in the domestic market. Cotton for November delivery on the Zhengzhou Commodity Exchange extended its strong rally ...

China s SOEs post 579.52 bln yuan in profits in Jan-April: China s SOEs post 579.52 bln yuan in profits in Jan-April From: Xinhua China's state-owned enterprises posted a 69.6-percent year-on-year surge in profits during the January-April period, the Ministry of Finance announced Wednesday. In the first four months, combined profits of ...

Blue Paper: China to be world s biggest luxury goods market: Blue Paper: China to be world s biggest luxury goods market in 5 years From: Xinhua China will rank as the world's biggest market for luxury goods in five years, a blue paper on China's commercial development from 2009 to 2010 released in Beijing Wednesday said. Released by the ...

Survey: Asians start spending on luxury goods again: Flush Asians splash out on luxuries - survey Things are looking up in the Asia Pacific, a new survey shows, with most consumers saying they're confident about their jobs and the economy in the next six months, which is encouraging them to spend on luxury items. The MasterCard ...

China stresses maintaining stability of Yuan exchange rate: China stresses maintaining stability of Yuan exchange rate From: Xinhua Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, ...

5 mln more Chinese employed at end of 2009 vs. 2008: 5 mln more Chinese employed at end of 2009 vs. 2008 From: Xinhua More than 779.95 million Chinese were employed at the end of last year, 5.15 million more than at the end of 2008, China's Ministry of Human Resources and Social Security said here Wednesday. Some 297.08 million ...

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IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

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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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