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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 + -
More companies using yuan
Dec.14,2012
The number of foreign companies using the yuan as their currency of choice has surged after rules introduced earlier this year allowed yuan settlements for Chinese traders. The number of French companies paying in yuan increased by 30 percent in the second quarter from the previous quarter.Read More + -
Home Decoration Trends for Winter 2013
Dec.14,2012
The last season of a year, winter is widely considered to be the most important season by lots of retailers because it is a traditional holiday season. Lots of new trends for home decoration will emerge during this season. In this brief report, Decogo brings to you our latest forecasts of 5 home decoration trends for winter 2013 including Classic Holiday, Holly Jolly, Oh Christmas Tree, Wood Walk and Winter House. Check out these trends for a joyous season!Read More + -
Consumers hold the key to growth
Dec.14,2012
Over the next 10 years, consumption will overtake investment to become the most powerful engine of China's economy.[Photo/ China Daily] China's economic expansion will depend on domestic demand maintaining 7 to 8 percent growth year-on-year in the next decade, as exports may see single-digit growth in the long term amid the dim global outlook, Bank of China said on Wednesday.Read More + -
US becomes the largest buyer of Chinese exports
Dec.14,2012
The United States surpassed the European Union in the first 11 months of 2012 to become the largest buyer of Chinese exports, according to data released by the Commerce Ministry on Tuesday. The value of US trade with China increased by 8.2 percent year-on-year to reach $438.62 billion, according to the ministry.Read More + -
China vows to strengthen co-op with Europe
Dec.14,2012
(Xinhua) Comments(0) Print Mail Large Medium SmallHAMBURG, Germany - China is willing to join hands with Europe to fully tap the potential of mutually beneficial cooperation and push the relationship between the two sides to a new level, a senior Chinese official said Wednesday.Read More + -
China factory profit growth quickens as economy recovers
Dec.14,2012
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.Read More + -
China exports account for 11.1% of world trade
Dec.14,2012
BEIJING - China's exports accounted for 11.1 percent of world trade during the first three quarters of 2012, up 0.6 percentage point from the same period last year, the Ministry of Commerce said Wednesday.Read More +
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