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Singapore's non-oil domestic exports (NODX) in December grew 9.4 percent year on year, following a 9.9 percent growth in the previous month, official statistics showed Monday. The December figure, released by trade promotion agency International Enterprise Singapore, is lower than previous market estimates of around 12 percent, largely due to a decline...
SIX consecutive months of American economic growth has resulted in a 2010 year-on-year increase of 6.7 per cent in retail sales - the biggest surge since 1999, according to US Commerce Department statistics. Core inflation rates, excluding volatile food and fuel, rose 0.1 per cent for a second month. That held last year's increase to 0.8 per cent, the ...
China's senior experts Saturday called on local governments to shift their focus from gross domestic product (GDP) figures to economic restructuring and the raising of ordinary people's living standards. China achieved rapid GDP growth in 2010, but it was mainly driven by investment, instead of internal forces or domestic demand, said He Keng, deputy ...
China should be cautious of inflation and prevent the effects of excess liquidity, Fan Gang, a former advisor to the country's central bank, said Saturday. The loose credit policy of the United States is pumping money into the market and increasing expectations for the depreciation of the U.S. dollar and the appreciation of other currencies, including ...
China's state-owned enterprises (SOEs) saw profits increase 37.9 percent year on year to 1.99 trillion yuan (301.5 billion U.S. dollars) last year, the Ministry of Finance (MOF) said on Monday. Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both profits and business revenue doubled from five years earlier, the ministry s...
China's foreign trade is projected to grow between 20 and 25 percent this year, according to a report released by the China Institute for WTO Studies on Monday. The report predicts that imports will outpace exports, which will further benefit the balance of trade. With the global economic recovery losing momentum and uncertainties remaining, China...
Vietnam pocketed over 3.4 billion U.S. dollars from exporting wood and wood products in 2010, up 33.3 percent year-on-year, according to a report by Vietnam's General Statistics Office on Monday. The export value has exceeded the year's target of 3 billion U.S. dollars, according to Vietnam Wood and Forest Products Processing Association. The coun...
The first month of direct trading of the Chinese yuan and Russian ruble has been a good start, with stable demand for the Chinese currency, a senior official at the Moscow International Currency Exchange (MICEX), said Saturday. "Trans-border trade between Russia and China has led to the launch of direct trading of ruble-yuan," Igor Marich, vice presiden...
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