China’s overseas direct investment (ODI) may see a double-digit growth this year to around $60 billion, on the back of government support and overseas expansion plans of domestic firms, officials from the Ministry of Commerce (MOFCOM) said. (more…)
China’s retail sales hit 340 billion yuan (US$49.8 billion) during the “golden week” of Spring Festival, up 17.2 percent over the same period of last year, the Ministry of Commerce (MOC) said. (more…)
China’s tourism revenue rose 26.9 percent to 64.62 billion yuan (9.46 billion U.S. dollars) during the Spring Festival, the National Tourism Administration (NTA) said. (more…)
Foreign direct investment into China rose for the sixth consecutive month in January, up 7.79 percent year on year to US$8.13 billion, China’s Ministry of Commerce said. (more…)
China has replaced the US to become the world’s second largest luxury goods consumer, only second to Japan, according to a report by World Luxury Association, the Overseas Edition of People’s Daily reported on Feb 10. (more…)
