China is going to expand schemes that give domestic consumers a discount if they trade in old cars and household appliances for new ones, said Chinese Vice Commerce Minister Jiang Zengwei. Read More…
Stimulus policies spurring Chinese domestic consumption will be maintained in 2010, while high sales growth of home appliances and automobiles due to the stimulus packages will not affect consumption, analysts predict. Read More…
Luxury marketers are escaping the recession that has hit sales in developed markets by focusing on China. Read More…
The Chinese government is asking its people to spend a little more and save a little less to help get the country through the global economic downturn. Read More…
China’s energy consumption to produce a unit of gross domestic product (GDP) dropped 3.35 percent year on year in the first half of 2009, the National Development and Reform Commission (NDRC) said in a statement recently. The decrease compared with 2.88 percent in the first half of last year. Read More…
In 2009, driven by the stimulus package for auto consumption by Chinese government, China’s auto sales increased by 18 percent and China became the world’s largest automobile producer with the world’s largest automobile market. Read More…
Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended recently. Read More…
With nearly 7,000 participants in North America, and more than 8,000 product downloads to date, the Autodesk Assistance Program is now available in Europe. Launched in North America in April, the program was designed to help displaced workers in the architecture, engineering, design and manufacturing industries maintain and develop their 3D design technology skills and help improve their employability in a down economy. Read More…
Ranking behind four cities – Tokyo, Nagoya, Yokohama and Kobe – Beijing, Shanghai and Hong Kong have become some of the most expensive cities in Asia, according to the latest survey conducted by internationally renowned human resources service provider ECA International. Read More…
The McKinsey Quarterly recently held a panel of leading Chinese economists who explain how the world’s fastest-growing economy keeps expanding despite the global downturn: Read More…
