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Luxury-goods market is booming after last year's troubles: Gleam Returns to Luxury-Goods Sales in U.S. Strong sales of bags, clothing and perfume during the crucial holiday season could boost the luxury-goods industry to near-record sales, according to a Bain & Co. study to be published Monday, as the sector rebounds from a 2009 decline ...

Cotton price in China hits 10-year high: Cotton price in China hits 10-year high The price of cotton in China has reached a 10-year high. The cotton price was 22 thousand 9 hundred yuan per ton on October 9th. That s 190 yuan higher than it was two days earlier. Facing soaring prices, farmers have become reluctant to ...

China to raise minimum purchase price for wheat in 2011: China to raise minimum purchase price for wheat in 2011 From: Xinhua China s top economic regulator said Tuesday it would increase the state minimum purchase price of wheat in major wheat-growing areas in 2011. The National Development and Reform Commission (NDRC) said in a ...

EU facilitates SME s access to Chinese market: EU facilitates SME s access to Chinese market The European Union (EU) had opened 10 contact points in China to give European small- and medium-sized enterprises (SMEs) easier access to the market, the European Commission said. The contact points were located in cities such as ...

China s September new loans rise to 595.5 bln yuan: China s September new loans rise to 595.5 bln yuan China s new yuan-denominated lending in September rose to 595.5 billion yuan (89.28 billion U.S. dollars), an increase of 9.2% from August, China s central bank said. China s banks extended 6.3 trillion yuan from January to ...

Uneven global recovery and China s contribution: Uneven global recovery and China s contribution From: Xinhua Against the backdrop of uneven recovery of the world's economies, it is necessary to show coordinated policies among developed and emerging countries, and China's influence on world economy is increasingly important, ...

World Bank raises forecast of China 2010 GDP growth to 10% from 9.5%: World Bank raises forecast of China 2010 GDP growth to 10% from 9.5% The World Bank raised its forecast for growth of China s gross domestic product (GDP) in full-year 2010 to 10 percent from its previous estimate of 9.5 percent. In its latest China Quarterly Update, a regular ...

China s October trade-in auto sales gain 5.6% month on month: China s October trade-in auto sales gain 5.6% month on month From: Xinhua China subsidized the sale of 38,000 motor vehicles under its old-for-new trade-in subsidy program in October, up 5.6 percent from September, the Ministry of Commerce (MOC) said on Nov. 5. The October figure ...

China set to continue yuan exchange rate reform: president: China set to continue yuan exchange rate reform: president China will continue its yuan exchange rate reform, adhering to the principles of controllability and graduality, Chinese President Hu Jintao said on Nov. 3. Hu, due to visit France and Portugal from Nov. 4 to 7, made the ...

China calls for G20 members to work towards strong economic recovery: China calls for G20 members to work towards strong economic recovery From: Xinhua China Monday called on the parties of the Group of 20 (G20) to work together to shore up market confidence and consolidate the momentum of the world economic recovery. The call came out of a press ...

China strengthens check on forex business to curb hot money inflows: China strengthens check on forex business to curb hot money inflows From: Xinhua China's foreign exchange regulator on Tuesday introduced measures to increase checks on the foreign exchange businesses and further curb inflows of hot money. The move came a week after the U.S. ...

Sales of home appliances to rural areas in Oct. hit 7 Million units: Sales of home appliances to rural areas in Oct. hit 7 Million units In October, sales of home appliances to rural areas reached 6.975 million units, hitting 16.59 billion yuan, up by 81% and 123% year-on-year respectively. The top three in terms of sales value were: color TV sets ...

China warns against rise of trade protectionism: China warns against rise of trade protectionism From: People s Daily Countries need to guard against the rise of trade protectionism as uncertainties remain in the world economy, a senior Chinese trade official said on Wednesday. Speaking at the ministerial meeting of the Asia...

China to keep high alert for inflation risks, central bank official says: China to keep high alert for inflation risks, central bank official says China will maintain a high alert for inflation risks and will not leave inflation unchecked, Ma Delun, deputy governor with the People's Bank of China, or the central bank, said Tuesday. The central bank ...

China s CPI soar to 4.4% in Oct, the 25-month high: Surging food prices pushed up China's consumer price index (CPI), a major gauge of inflation, to a 25-month high of 4.4 percent in October, the National Bureau of Statistics (NBS) said Thursday. The figure topped the market forecast of around 4 percent and was sharply up on ...

China s retail sales of consumer goods up 18.6% in October: China s retail sales of consumer goods up 18.6% in October From: Xinhua China's retail sales of consumer goods grew 18.6 percent in October year on year, the National Bureau of Statistics (NBS) said Thursday. Retail sales of consumer goods stood at 1.43 trillion yuan (215.79 ...

Prices of China s farm produce see consecutive rise, fueling inflationary pressure: Prices of China s farm produce see consecutive rise, fueling inflationary pressure From: Xinhua Prices of China's edible farm produce have witnessed consecutive increases since mid-October, official figures showed Wednesday, indicating the appearance of greater inflationary ...

China s October trade surplus jumps to second highest of 2010: China s October trade surplus jumps to second highest of 2010 From: Xinhua China said Wednesday its trade surplus expanded sharply to 27.15 billion U.S. dollars in October from September's 16.88 billion U.S. dollars, making the October figure the second highest this year after ...

China launches fresh crackdown against fake goods, IPR violations: China launches fresh crackdown against fake goods, IPR violations The Chinese government has launched a half-year campaign to crack down on the violation of intellectual property rights (IPRs) and the production and distribution of fake and shoddy products. The campaign, ...

Shanghai s retail sales reached 445.764b in first 3 Qs of 2010: Shanghai s retail sales reached 445.764b in first 3 Qs of 2010 Shanghai Municipal Bureau of Statistics has published its latest retail statistics, stating that Shanghai's consumer retail sales reached 445.764 billion in the first nine months of 2010, a year-on-year increase of 17...

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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. ...

Gaming Firms Find Going Tough: Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...

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sports

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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