China Watch: Nokia's Lumia Supply Crunch Could Hurt Sales This Chinese New Year
Posted on February 08, 2013 at 14:35 PM EST
Heading into the Chinese New Year weekend China received further confirmation that its economy is on the rise again. The country’s exports and imports both grew in January with exports climbing 25% year-on-year while imports jumped 28.8% which indicated that domestic and overseas demand were both on the way to recovery. "Overall this says there is no need to worry about the strength of China's recovery " said Sun Junwei China economist at HSBC in Beijing according to Reuters. Here is this week’s China business headlines: Yum Brands (NYSE:YUM): The parent company of KFC Pizza Hut and Taco ...
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