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EUROZONE exports fell in the fourth quarter for the first time in more than three years, and investment declined as the sovereign debt crisis pushed the region deeper into a recession.

Exports from the euro area shed 0.9 percent in the last three months of 2012, helping drive gross domestic product down 0.6 percent, the European Union's statistics office said in a report yesterday. Exports las
CHINESE consumers continue to make a significant contribution to the wealth of the world's top luxury tycoons, according to a Hurun Research Institute report released yesterday.

The average wealth of the people on the Hurun Luxury Tycoon Rich List is double that of Hurun's global rich list, with the combined assets of the 33 wealthiest people in the luxury industry totalling US$289 billion, Hu
CHINA will continue to pursue a quality economy driven more by consumption than by exports or investment to leave more leeway for economic restructuring, Premier Wen Jiabao said yesterday.

The government is eying a growth target of 7.5 percent this year, Wen told the opening session of China's top legislature, the National People's Congress.

It was the second consecutive year China had set
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.


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
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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Vic
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


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