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Year of the Goat - Luxury brands flock to China's jet-set spenders

2015-01-20 11:39:30| Jewelry - Topix.net

From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad. Chinese shoppers spent around 380 billion yuan on luxury products worldwide last year, with spending outside China up 21 percent even as domestic sales of high-end brands dipped for the first time due to a government clampdown on excessive gift-giving, according to a report from consultancy Bain & Co on Tuesday.

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China's growth slows to 7.4% in 2014

2015-01-20 03:20:54| BBC News | Business | UK Edition

China's economic growth slows to 7.4% last year from 7.7% in 2013, marking its slowest pace of expansion in 24 years.

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VIDEO: Is China's 'miracle economy' in trouble?

2015-01-20 00:42:19| BBC News | Business | UK Edition

The BBC's China editor Carrie Gracie visits the north-east city of Harbin to look at the problems plaguing the world's second largest economy.

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China's property problem

2015-01-19 21:04:21| BBC News | Business | UK Edition

China's massive property sector may be its biggest risk to growth

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China's Shifting Sands Spell Trouble for Qualcomm, Broadcom

2015-01-17 15:50:52| Semiconductors - Topix.net

Shifting sands in China's mobile market are likely to affect the leaders in the U.S. chip industry -- such as Qualcomm and Broadcom much faster than previously expected, according to several sources who attended the International Consumer Electronics Show last week. Among big changes in the works are China Mobile's shift in procurement policy from five-mode smartphones to three-mode models, and big plans among Chinese apps processor vendors to embrace connectivity .

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