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Retailers face rising production costs: The Rising Cost of Retail: Who Will Win? Retailers have been plagued by issues; some have suffered from product misses, others from deep discounts, and everyone has been hurt by the decline in consumer spending. But one factor that has actually been a positive for the sector may ...

China to subsidize electric, hybrid car purchases in five cities: China to subsidize electric, hybrid car purchases in five cities From: Xinhua China Tuesday released details of its green-car subsidy program designed to boost the nation s auto industry and cut vehicle emissions. Through the program, subsidies of up to 60,000 yuan (8,784 U.S. ...

Hong Kong s retail sales up 15.6% in April: Hong Kong s retail sales up 15.6% in April From: Xinhua The total retail sales value rose to 25.1 billion HK dollars (3.2 billion U.S. dollars) in April, up 15.6 percent over a year earlier, the Census and Statistics Department of Hong Kong Special Administrative Region ...

Greek crisis not to affect China s overseas investment: Greek crisis not to affect China s overseas investment From: China Daily The eurozone debt crisis will not seriously affect China s overseas investment, the general manager of China Investment Corporation (CIC) said last Wednesday. The CIC will keep its investment level in Europe...

U.S. to recognize China s market economy status: U.S. to recognize China s market economy status From: China Daily The United States has agreed to recognize China's market economy status (MES) as soon as possible, according to a statement from the Chinese side last Tuesday upon the conclusion of the second round of the China-US ...

China to crack down on vegetable hoarding: China to crack down on vegetable hoarding From: China Daily China will crack down on the hoarding of vegetables to curb speculation and maintain market order, the National Development and Reform Commission said last Thursday. China s top economic planner urged local governments ...

CBA: China s credit card payment rises 70% in 2009: CBA: China s credit card payment rises 70% in 2009 From: Xinhua China s credit card transactions totaled 3.5 trillion yuan (512.45 billion U.S. dollars) in 2009, up 69.9 percent from a year earlier, said a report from the China Banking Association (CBA) last Wednesday. By the end ...

China to enforce house tax more strictly: China to enforce house tax more strictly From: China Daily China will collect house- and land-price appreciation taxes more strictly after the government released more-detailed tax rules Wednesday, the Shanghai Securities News reported last Thursday. The new State Administration ...

U.S. Shopping center industry expected to improve this year: U.S. Shopping center industry expected to improve this year The number of centers nationwide grew only slightly last year, but the pace is picking up, a trade group reports. The U.S. shopping center industry grew only slightly last year, reaching nearly 105,000 centers in ...

China s industrial profits up 91.5% in Jan-April: China s industrial profits up 91.5% in Jan-April The profits of industrial enterprises from China s 24 provincial regions rose 91.5 percent year on year to 978.5 billion yuan (143.26 billion U.S. dollars) in the first four months of 2010, the National Bureau of Statistics (NBS) ...

More Chinese automobile investment to flow to India: More Chinese automobile investment to flow to India From: Xinhua Fast growth of India s automobile sector is capturing the investment interests of the Chinese auto industry, with India s first auto plastic fuel tank maker in scale YAPP-ZOOM starting production Monday. YAPP-ZOOM ...

China s farm produce prices drop 5 weeks in a row: China s farm produce prices drop 5 weeks in a row From: China Daily Farm produce prices in China s 36 large and medium-sized cities have fallen for five consecutive weeks, the Ministry of Commerce said Tuesday. In the week ending June 6, farm produce prices dropped 0.6 percent in ...

China s home prices rise 12.4% in May: China s home prices rise 12.4% in May Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year on year in May, the National Bureau of Statistics (NBS) said in a statement Thursday. The growth rate was 0.4 percentage points lower than that of April, as ...

China s PMI of manufacturing sector down in May: China s PMI of manufacturing sector down in May The Purchasing Managers Index (PMI) for China s manufacturing sector stood at 53.9 percent in May, down 1.8 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Tuesday. It was the 15th ...

NDRC: green industry to be new economic growth point: NDRC: green industry to be new economic growth point Chief engineer of the Ministry of Industry and Information Technology Zhu Hongren yesterday pointed out at the Annual Global Green Business Summit 2010 held in Shanghai that China will formulate incentive and restraint policies ...

China issues white paper on Internet policy: China issues white paper on Internet policy The Chinese government Tuesday published a white paper on its Internet policy, stressing the guarantee of citizens freedom of speech on the Internet and more intensive application of it. The white paper, released by the State Council ...

China to further promote cross-border yuan trade settlement: China to further promote cross-border yuan trade settlement From: Xinhua The market for cross-border yuan trade settlements has begun to take shape in Guangdong s Pearl River Delta, according to a report released by the People s Bank of China (PBOC) on June 8. According to the ...

China s May exports up 48.5%: China s May exports up 48.5% China s exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday. The growth rate for exports was 18.1 percentage points up from the figure for April, ...

Consumers expect more than just products from online stores: In the age of mobile networks, E-commerce gets personal Imagine an online store that replicates the experience of stepping into a boutique. As online and in-store retailing converges with the growth of mobile networks, the daydream could become a reality. Via their smartphones, ...

Food prices fall in late May: Food prices fall in late May Food prices in China s 50 major cities started to fall in late May, figures released last Friday by the National Bureau of Statistics showed. During the May 21-30 period, vegetable prices in these cities had dropped. Prices of cabbages fell 7.5 ...

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

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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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