China exports surge 9.9%
Fin24 - Oct 15th 2012, 07:26
Beijing - China's September exports rose 9.9% from a year earlier, the government said on Saturday, fuelled by strong demand ahead of the holiday shopping season and government stimulus measures.
September's export volume, which totaled $186bn, exceeded estimates and was well ahead of August's 2.7% increase.
Imports rose 2.4% year-on-year, ending three consecutive months of decline. China's trade surplus rose slightly to $27.7bn.
The world's second-largest economy has been affected by weak demand by US and European economies. Last week, the World Bank cut its growth forecast for China this year from 8.2% to 7.7%.
Beijing hopes to increase its foreign trade by 10% in 2012 but so far has achieved only a 6.2% gain.
Shoemaker Vans treads wearily as China fumes over Hong Kong
09/10/2019 - 13:20
US sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China.
Alibaba set for new era as flamboyant Jack Ma departs
11/09/2019 - 09:33
Alibaba chair Jack Ma has stepped down from the Chinese group, leaving his handpicked successor a daunting task of steering the $460bn juggernaut at a time when the market for its core e-commerce business has slowed sharply.
Alibaba results beat estimates on cloud, e-commerce growth
19/08/2019 - 14:08
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit, aided by growth in its e-commerce and cloud computing businesses.
Nestlé and Starbucks tie-up heads to China
08/08/2019 - 09:31
Nestlé plans to introduce its first range of Starbucks-branded products in China, as part of a global tie-up that will help bolster the Swiss company’s proprietary Nespresso capsules in one of its fastest-growing markets.
Boost for SA's economy as China lifts its beef ban
07/08/2019 - 09:10
Within one month of the meeting between President Cyril Ramaphosa and President Xi Jinping at the G20, China has announced that it is lifting the ban on South African beef exports to China. This will be a major boost to South Africa’s economy given that China is the largest consuming market for South African beef and related products.