Last year definitely ended with two widely differing stories in the fashion world in China, with traditional well-known luxury brands experiencing a downturn while more affordable luxury products and fast fashion brands turning in ...
Tags: luxury market, luxury brands
Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
China will stabilize its property market this year, with tailored, market-based policies to guide "stable and healthy development," according to the government work report delivered by Premier Li Keqiang Thursday.[Special coverage] ...
About 85 percent of U.S. businesses in China are still "optimistic" or "slightly optimistic" in their five-year outlook despite an economic slowdown and rising costs, showed a report on Wednesday. There is continued confidence in business ...
Tags: economic slowdown, economic growth
Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's ...
Tags: HSBC Services, PMI
The Chinese economy is expected to grow 7 percent in the first quarter of 2015, according to an estimate released by the State Information Center, a government think tank, on Monday. A steady slowdown is expected for the Chinese economy, ...
Tags: Chinese economy, steady slowdown
China's economy is likely to grow at a medium-to-high rate under the "new normal", Economic Daily reported Justin Yifu Lin, a member of China's 12th CPPCC as saying on Monday. Under the "new normal", China has both the conditions and the ...
Tags: medium-to-high rate, new normal
The fur trade has slowed over the past year in China, but rising demand from northern parts of the country and smaller cities has been a strong factor in global sales growth and prices this year, according to industry participants. Mark ...
Global smartphone revenue grew 20% year-on-year to a record $115bn in fourth-quarter 2014 as unit sales rose 19% to almost 346 million (totalling over 1.2bn in full-year 2014), according to market research firm GfK. In Q4/2014, all ...
Tags: Smartphone shipments, Smartphone
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
China's cross-border capital flows will remain volatile this year amid uncertainties both at home and abroad, the country's forex regulator said on Sunday. As China gradually moves to make its foreign exchange mechanism more ...
Akzo Nobel N.V. has reported positive volume growth and an improvement in return on sales (ROS) for the full-year 2014. Excluding incidentals, ROS was 7.5 percent (2013: 6.1 percent). Operating income excluding incidentals grew 20 percent ...
Tags: AkzoNobel, Decoration Coating
China's machinery industry continued to expand in 2014 but at a softer pace due to sluggish domestic demands and piling inventories, new data showed on Wednesday. The added value of the sector increased 10 percent year on year in the last ...
Lower-tier cities will be focal point for expansion this year The fast-moving consumer goods market recorded slower growth last year, although momentum picked up in fourth-tier cities. The FMCG sector expanded 5.4 percent last year, ...
Virtually all the indicators, from manufacturing activity to trade data, point to weakening. Expectations of an immanent reduction in the real interest rate have never been higher, despite the central bank's insistence on reining in ...
Tags: economic growth, trade data