China has the largest and most active population of social media users, and that has created unique opportunities for companies hoping to engage with a vast and increasingly affluent market, a new McKinsey study has found. Of the 5,700 Internet … Continue reading
The economy still faces downward pressure and domestic and external situations are “grim” as industrial output posted its slowest growth in nearly three years, the Ministry of Industry and Information Technology warned on Wednesday. Difficulties faced by companies and the … Continue reading
As of the end of last year, the number of valid invention patents in China totaled 697,000, including 351,000 belonging to domestic owners, according to an official statement issued Tuesday. This is the first time that the number of valid … Continue reading
Growth of China’s tax revenues logged the slowest pace in three years in the first quarter of 2012 as a result of the country’s cooling economy, official data showed Tuesday. Tax revenues rose 10.3 percent year-on-year to 2.5858 trillion yuan … Continue reading
Apple said its net profit came in at $11.6bn (£7.2bn), up from $6bn in the same period last year and much better than had been expected. The technology giant sold 35 million iPhones in the quarter, which was also almost … Continue reading
After being one of the last major countries to receive Aprroved Destination Status from China in June 2010, Canada, more than 242,000 Chinese tourists visited the country last year in its first full year of ADS. With the designation making … Continue reading
Japan has agreed to write off more than $3.7bn (£2.29bn) of debt owed by Burma and to resume development aid. The accord came at talks in Tokyo between the countries’ leaders. They also agreed to plan a special economic zone … Continue reading
The International Monetary Fund (IMF) has told the eurozone it must make bold reforms to reassure financial markets. A statement from its governing council, says the 17-strong eurozone needs to make major structural reforms to boost confidence and growth. On … Continue reading
According to the latest data from the Office for National Statistics (ONS), UK retail sales volumes rose 1.8% in March. The ONS said warm weather in March had helped boost sales of clothing, footwear and gardening products. The rise follows … Continue reading
The Swiss company said its sales in the first three months of 2012 were 21.4bn Swiss francs ($23.4bn; £14.6bn), up 5.6% from the same period last year. The group behind KitKat and Nespresso said that the trading environment had been … Continue reading
