Retail sales： 17.9% ↑ in Q1

China＇s retail sales, the main gauge of consumer spending in the world＇s fastest-growing economy, rose 17.9 percent year on year to RMB 3.64 trillion （US$532.56 billion） in the first quarter this year, the National Bureau of Statistics （NBS） said on April 15.     

Qingdao Jimo：Online Clothing Wholesale Platform Launch Soon

China＇s national scale enterprises completed fabric output of 4.98909 billion meters in March of 2010, and 13.22906 billion meters in the first quarter, an increase of 17.64 percent year on year, according to the latest statistics from the statistics Center of China Textile Industry Association.     

China＇s largest small commodities market continuos recovery

The Yiwu market in east China＇s Zhejiang Province, the country＇s largest distribution center for small commodities, saw trade grow 10.5 percent year on year in January, according to the local industrv and commerce bureau.     

Top 10 carmakers＇line-up by sales in Oct

Global carmakers turned out in force for the 2009 Guangzhou International Motor Show in China in late November from 23 to 30in a bid to capture a chunk of the world＇s largest car market. On display were 720 models from 70 manufacturers from around the world, about a 10 percent increase from last year despite the global recession.     

Seeking China Capital for Investment in Iran Oil Refining

Influenced by the financial crisis, the overall bilateral trade volume between China and lran decreased .by 39% in the first quarter of 2009;however, the volume of Iran＇s exported crude oil to China has increased by 88% compared with the same period last year up to May of 2009, totaling 308.8 million tons. Iran, as the world＇s No.5 crude exporter, replaced Saudi Arabia as China＇s largest oil supplier. At the same time, China, as the world＇s No.2 oil consumer, now imports half of the crude oil it consumes, and has become Iran＇s third largest customer.     

A Survey of China's Home Appliance Market

As urban consumers in China shifted their interest towards many other commodities in recent years, purchasing power declined in the home appliance market. However, with a new tax code and the dual-track rate of exchange system unified, sales began to over pickup the last six months. The total sales volume of refrigerators in last December increased 2.3 times compared to the corresponding period of the previous year. Video recorder sales increased by 85.8 percent, TV sets by 82.1 percent and washing     

CONSUMER

China poised to be world's largest LCD TV market LG Electronics Inc,the world's second largest TV brand and third biggest mobile phone maker,expects to double its sales in China this year as the global economic recovery spurs demand.     

Company Introduction

FAW Group Corporation is China＇s oldest and largest vehicle manufacturer. Headquartered in China＇s northeastern city of Changchun in Jilin Province, the company can trace its roots back to July 15, 1953 when the cornerstone of its first assembly plant was laid. Over a span of five decades, FAW Group has evolved into one of the world＇s largest vehicle producers. Renowned in the commercial market for its outstanding light, medium and heavy trucks,     

Im/Ex in June, 2010： Exports Hit Record High

On July 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China foreign trade import and export in June and the first six months of this year. China＇s trade surplus fell by 42.5 percent in the first six months this year from a year earlier to US$55.3 billion. In the first half of 2010, exports rose 35.2 percent to US$705.09 billion while imports were up 52.7 percent to US$649.79 billion,     

Auto：Booming Secondary and Third-Tier Markets

Slower growth
In 2008, China＇s auto output and sales growth has slowed, especially after the break of financial crisis. Auto industry revenue decreases because of declined export and slower domestic demand. Sharp decrease occurred to auto export, especially in the second half of last year. （See Chart 1）. China＇s car export amounted to 57,531 sets in the August, down by 18 percent compared to July, which is a rare monthly decline in recent years. In September, vehicle exports 49,600, with 13.77 percent chain drop and 15.70 percent year-on-year decline.     

Company Introduction

FAW Group Corporation is China＇s oldest and largest vehicle manufacturer. Headquartered in China＇s northeastern city of Changchun in Jilin Province, the company can trace its roots back to July 15, 1953 when the cornerstone of its first assembly plant was laid. Over a span of five decades, FAW Group has evolved into one of the world＇s largest vehicle producers. Renowned in the commercial market for its outstanding light, medium and heavy trucks, FAW Group is also a leader in the bus, coach and bus chassis industry.     

中国第一汽车集团进出口公司

Company Introduction
FAW Group Corporation is China＇s oldest and largest vehicle manufacturer. Headquartered in China＇s northeastern city of Changchun in Jilin Province, the company can trace its roots back to July 15,1953 when the cornerstone of its first assembly plant was laid. Over a span of five decades, FAW Group has evolved into one of the world＇s largest vehicle producers. Renowned in the commercial market for its outstanding light, medium and heavy trucks, FAW Group is also a leader in the bus, coach and bus chassis industry.     

Retail sales： 15% ↑ in first half year

China＇s retail sales in the first half year rose 15 percent to RMB 5.87 trillion （US$859.60 billion） from a year earlier, the National Bureau of Statistics （NBS） said on July 16.     

China＇s industrial output grew 5.1↑in Q1

China＇s industrial output grew 5.1 percent year on year in the first quarter, down 11.3 percentage points from the first quarter of 2008, the National Bureau of Statistics （NBS） said on April 16.     

Market Trend for China's Sedans

China's auto output in the first halfof this year reached 1,020,000, up 4.8percent from the same period of lastyear, and sales were 993,000, up 17.2percent from the same period of lastyear, the highest growth rate since 1994.The output of sedans stood at285,000, up 5.8 percent from the sameperiod of last years, and sales stood at272,000, up 4.8 percent from the sameperiod of last year, representing a slowrise in market demand.With regard to sedans, sales of FAWsedan, Guangzhou Honda, SAWShe…     

中国第一汽车集团进出口公司

Company Introduction
FAW Group Corporation is China＇s oldest and largest vehicle manufacturer. Headquartered in China＇s northeastern city of Changchun in Jilin Province, the company can trace its roots back to July 15, 1953 when the cornerstone of its first assembly plant was laid. Over a span of five decades, FAW Group has evolved into one of the world＇s largest vehicle producers. Renowned in the commercial market for its outstanding light, medium and heavy trucks, FAW Group is also a leader in the bus, coach and bus chassis industry.     

China Telecom＇s net profit down 27.5% in H1

China Telecom Corp, Ltd., China＇s largest fixed line service provider, said on August 27 that net profits fell 27.5 percent from a year earlier in the first half of this year on losses of fixed-line subscribers and increased costs on mobile services. Net profits stood at RMB 8.41 billion （US$1.23 billion U.S. dollars） in the first half, excluding gains from fees collected from installation of fixed lines. Earning per share was RMB 0.1, the company said in its statement to the Hong Kong Stock Exchange. Revenue rose 14.8 percent year on year to RMB 102.55 billion from January to June. The company said it didn＇t plan to pay an interim dividend, but would consider the matter at the end of the year.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on January 21.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on Januarv 21.     

Hopes in the Crisis ——Chinese Automobile Market in the World Automanufacturing Industry Shuffle

The economic crisis spread rapidly around the world, making automobile industry one of the victims who are shocked hardest, leading to an industrial shuffle in global automobile industry. USA, EU and Japan, the traditional top three leading countries in global auto- mobile industry, could not have their lucks to escape from the crisis. The weak global automobile market forces these transnational auto companies to be more cautious about the future than ever. As reflected in the latest performance reports, though governments took measures to maintain the market, the sharp decline in global automobile sales volume continued in the first quarter. Automobile market bottomed out in the second quarter. US auto industry was affected the most, with two out of the top three manufacturers getting bankrupt and regrouped. In the first half, auto sales volume in USA was 4.80 million, down by 35.1% from that of the same period in 2008. The third largest automobile market in the world, Japan had a sales volume of 2.18 million, down by 21.5% with the same comparison.