China's retail sales pick up pace
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China's retail sales grew at their fastest pace in five months during October, driven by rising wages.
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Retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly from a first-quarter slowdown.
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China's economic boom is still roaring despite efforts to cool sizzling growth, with the gross domestic product climbing 9.5 percent in the first three quarters of this year, the government reported Friday.
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China's economy grew by 9.5 percent in the first three quarters of 2004 compared to the same period last year, China's National Bureau of Statistics announced.
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Chinaâs inflation rose to 6.5 percent in August, an 11-year high, and the trade surplus widened by 33 percent to $24.97 billion, the second-highest monthly level on record.
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After the recent tumult in the Chinese market, some rapidly growing companies look even more attractive.
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Sales at retailers rose 0.3 percent  in January, which was an unexpected pickup that partly  reflected stronger sales of new cars and gasoline, according to  a Commerce Department report on Wednesday.
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China&#39;s imports and exports in thefirst ten months this year amounted to 926.47 billion US dollars, rising 35.8 percent year-on-year, according to statistics releasedby the
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Giorgio Armani thanks burgeoning sales in China for a rise in half year profits, in a further sign that the luxury goods market is continuing to recover.
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US retail sales rose 0.3 percent in January, a government report showed Wednesday, as shopping activity rebounded unexpectedly despite growing economic worries.
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Chinaâs auto parts exports have increased more than sixfold in the last five years, signaling a shift from basic goods to higher-value industrial goods.
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China said yesterday that its economy grew at an 11.9 percent annual rate in the second quarter of this year, the fastest pace in more than a decade, reigniting fears the economy is overheating.
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Retailers scored solid sales and factories saw orders pick up, hopeful signs the economy isn't cracking under the pressure of high energy prices.
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Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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Chain store sales rose more than  expected last week mainly due to back-to-school shopping, in a  sign that consumers continue to spend despite a weaker economy,  two reports showed on Tuesday.
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Chinaâs trade surplus rose to $26.9 billion in June, showing that demand for the countryâs goods remains strong despite concerns about their safety.
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SHANGHAI, China -- Chinese stocks rebounded in volatile trading Tuesday following their sharpest one-day drop in three months as strong buying by institutions offset selling by retail investors.