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Friday, February 22, 2008 |
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China economy faces triple threat
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BEIJING: China’s economy is up against a triple threat of
weakening global growth, possible domestic overheating and the
catastrophic impact of recent severe weather.
It should still record-high growth this year,
said analysts and economic organizations.
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Affluent Chinese prefer foreign brands
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BEIJING: Chanel, BMW and French wines are the preferred choices for
affluent consumers in China, even if they have to pay a premium for
foreign luxury, a survey showed.
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ANALYSIS
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China prices facing challenges
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On February 19, data released by National
Statistics Bureau showed China’s consumer price index (CPI) in
January surged 7.1 percent year on year, a new 11-year high.
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