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The country's exports and imports volume totaled $3.87 trillion last year, and growth slowed sharply from the 22.5-percent rise registered in 2011.

Exports throughout 2012 rose by 7.9 percent year-on-year while imports increased by 4.3 percent, yielding a trade surplus of $231.1 billion, up 48 percent from a year earlier, according to the General Administration of Customs.
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EXCESSIVE microbes, additives and pesticide residues were blamed for more than 99 percent of food contamination cases last year, the city's food safety watchdog said yesterday.

About 97 percent of food products such as cakes, salad, cooked food and bean products that failed quality checks had excessive microbes, the Shanghai Food Safety Office said.

Excessive microbes are caused by poor hyg
Having closed for renovations last month, this week Bulgari opened the doors of its all-new Plaza 66 flagship in Shanghai with a blowout attended by a bevy of local celebrities and featuring a distinctly serpentine theme. Centered around the lighting of a massive snake feature (identical to those seen at Bulgari flagships in New York, Tokyo and Rome) commemorating the Serpenti collection and comi
This was the landscape of the China BrandZ™ Top 10 Most Valuable Brands for 2011, with China Mobile on top of the list by $53,607 million, tailed by Industrial and Commercial Bank of China and China Construction Bank.

These three brands stay on the top of the list this year, despite their brand value declining, except for CCB.

Meanwhile, State-owned enterprises Agricultural Bank of China, B
It isreported that fast fashion giant ZARA will be opening discount stores in China to digest inventory as Italian brand agent Mario Company said that Inditex, parent company of Zara has authorized it to open discount stores in China.

However, Inditex and Zara (China) haven’t confirmed this news and have emphasized that their outlets in China are all regular chain stores without any franchisi
Metro suspends future funding of electronics unit, directs focus on wholesale arm

Media Markt China, the electronic products chain owned by Germany's Media-Saturn Holdings and Foxconn Technology Group, may have to close unless a buyer is found for the money-losing business, according to retail experts.

Media-Saturn's parent company, Metro Group, said on Wednesday it was withdrawing any furt
Villagers on the northern outskirts of Beijing prosper by swapping fruit trees for colored silk

The small village of Hongmiao in the Huairou district on the northern outskirts of Beijing is known as the "Lantern Village", as it is famous for making traditional Chinese lanterns. Farmers in the village, many of them women, were hard at work making red lanterns in the run-up to Spring Festival.

Experts view numbers as evidence of higher consumer confidence

China's retail sales surged to record highs over the week-long Spring Festival, as tourist attractions also reported strong visitor numbers.

According to the latest data from the Ministry of Commerce, total retail sales were 14.7 percent ahead of last year, hitting 539 billion yuan ($86 billion) from last Saturday to Friday.



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