Bumpy road ahead for exports
In China, export growth may slow down in the second half of this year with the risk of a global double-dip recession and rising trade protectionism. The Ministry of Industry and Information Technology (MIIT) said this on Thursday, adding that the appreciating of the yuan would impact nearly 70 percent of the nation's industrial exports and over 70 million jobs.
 

Canton Fair Export Orders Increase Over 2009
Orders placed at the Canton Fair, held twice a year in Guangzhou, totaled US$17.1 billion in the first phase of three phase of the fair. The commerce ministry published this data on its Web site yesterday, and whilst they didn't give a comparison with spring 2009, a previously published figure of US$13.03 billion indicates a 31 percent increase. The statement said that the value of orders rose 9.8 percent from the first phase of last year's autumn fair.

China mutual funds post $13b Q1 loss after 09 gain
China's mutual fund industry posted an 88.5 billion yuan ($12.96 billion) loss in the first quarter, in stark contrast to a record profit in 2009. The Shanghai Securities News report this after investors misjudged the country's volatile stock market, one of the worst performing in Asia this year. Out of 60 mutual fund companies, only Morgan Stanley Huaxin Funds and Minsheng Royal Fund Management Co made a profit.

China's vehicle sales may increase 17% to 16m
Automobile sales in China may rise 17 percent this year to 16 million unit as annual demand for vehicles may eventually exceed 30 million. At a conference in Beijing, the state information center spoke of a 21.5% jumps in car sales in 2010, reaching 10.5 million unit sold that year.

China's media industry grows 16.3% in '09
A report by the Chinese Academy of Social Sciences reveals that China's media industry output grew 16.3% year-on-year to 491 billion yuan ($72 billion) in 2009. Operating revenue from newspaper advertising increased 8 percent to 37 billion yuan despite the global economic downturn, according to