Chinese retail sales hold firm
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Chinese consumers show little sign of reining in their spending, despite the first rise in core interest rates in nine years.
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The pace of Chinaâs economic development is still strong enough to keep pushing up prices around the world for everything from oil to iron ore to freight shipping.
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Retailers are on track to post solid but not spectacular sales for the holidays after a last-minute dash to stores, according to indicators released yesterday.
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China defended the quality of its exports on Wednesday amid a spate of health scares over Chinese-made food and drugs, saying the problem was limited.
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Chinese shares recover slightly after the recent heavy falls but investors remain cautious as inflation fears persist.
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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Chinaâs fixed-asset investment in October was up 26.4 percent from a year earlier, down from the previous month but at a level analysts said was still high enough for Beijing to keep a tight grip on credit.
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UK retailer Marks and Spencer said this morning that clothing and home sales had been steady in the two week period since the last trading update, but food sales had been slightly lower.
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Consumers' assessment of the economy held largely steady this month, according to a university research report released Friday.
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Chinese retail spending grew by 13.8% in August, helped by higher rural and urban incomes, official data shows.
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China&#39;s government said it would continue measures to slow economic growth and reaffirmed its commitment to a stable yuan policy as the nation&#39;s leaders wrapped up their annual meeting in Beijing.
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Its latest same-store sales numbers look good around the world.
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Shops all over the UK reported strong sales on Saturday despite reports of disappointing pre-Christmas sales.
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China&#39;s leaders vowed Sunday to sustain steady economic development and control investment in fixed assets in 2005, state media said.
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By Toby Reynolds LONDON  - Oil prices held firm on Tuesday as China showed no let-up in its strong import growth and U.S. Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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China&#39;s Li Na believes shopping and showers kept her French Open campaign firmly on track.
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U.S. chain store retail sales saw a slight decline of 0.3 percent on a week-over-week basis.  However, on a year-over-year basis, the sales momentum remained strong at 3.5 percent, a report said on Tuesday.