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China set to boost consumer goods sector

China will implement special measures to establish a more advanced consumer goods sector within two years by increasing product variety and quality and ensuring more domestic brands achieve a global reputation, according to a State Council meeting presided by Premier Li Keqiang on Wednesday.

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Luxury sales to tourists at record low in March as Chinese spend 24pc less abroad

Spending on luxury goods by Chinese shoppers abroad fell last month for the first time since such records began in 2010, leading to the worst ever monthly result for the luxury goods industry’s tourist sales, retail tax-refund services company Global Blue says.

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New China consumption tax seen as encouraging mainlanders to spend more at home

China domestic department store operators and luxury goods retailers including Golden Eagle, Hengdeli Holdings, Parkson Retail are among the key beneficiaries of China’s new tax regime on overseas purchases, said analysts.

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China becomes leading world exporter of cultural goods: UNESCO

China became the world's leading exporters of cultural goods in 2013, outpacing the United States, a UNESCO report showed on Thursday.

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Ukraine broadens ban on Russian goods

Ukraine broadened its ban on Russian- made goods on Wednesday in the latest round of trade row with Moscow, which ignited after Kiev entered a landmark free trade agreement with the European Union (EU).

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Local enterprises should mull over legal trade defence measures

As Vietnam is moving towards deeper integration in the world economy, local enterprises should consider using trade defence instruments as a legal way to protect themselves from unfair competition.

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Australia says TPP opens up post-mining boom opportunities

​Australia's decision on Tuesday to sign the Trans-Pacific Partnership (TPP) will open up major trading opportunities which would help sustain its economy following the end of the mining boom earlier this decade, officials here said.

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China to tap potential of consumer demand

China's latest move to import more consumer goods will not only promote balanced trade, but also tap into the great potential of domestic demand as a source of sustainable growth.

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Dairy prices hold down New Zealand's terms of trade

​Falling dairy prices continued to drag down New Zealand's merchandise terms of trade in the quarter to the end of December 2014, the government statistics agency announced on Monday.

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S.Korea's trade terms improved on lower oil prices

South Korea's trade terms were improved for the first time in five months due to lower global oil prices, central bank data showed Thursday.

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S.Korea, China see gaps on goods liberalization at 10th FTA talks

South Korea and China saw disparities on how to liberalize the goods sector at the 10th round of free trade agreement (FTA) negotiations, Seoul's Trade Ministry said Friday.

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Obama signs orders expediting trade process for U.S. businesses

U.S. President Barack Obama on Wednesday signed an executive order introducing a raft of measures to streamline export and import procedures for the country's small businesses.

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Russian shoppers clicking on Taobao

Shopping fan Marina Kobylenko Viktorovna, who lives in Russia's Kaluga, is delighted after receiving her goods she bought online from China.

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Myanmar exempts goods exported to ASEAN from custom duties

Myanmar has exempted from custom duties goods meeting origin criteria that are exported to member countries of the Association of Southeast Asian Nations (ASEAN), state media reported Friday.

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China's luxury goods consumption cools: survey

The Chinese mainland's luxury goods market has slowed from seven-percent growth in 2012 to around two percent in 2013, according to the "2013 China Luxury Goods Market Study" released on Tuesday in Shanghai.     The survey, conducted by the international consulting firm Bain & Company, forecast that the country's luxury goods consumption will experience similarly slow growth in 2014.

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S.Korea's import prices fall amid strong currency, lower crude price

South Korea's import prices fell for two straight months due to strong local currency and lower commodity prices, including crude oil, central bank data showed on Tuesday.

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Guangzhou warehouse blast death toll rises to 8

The death toll from a warehouse explosion in Guangzhou, Guangdong Province, rose to eight as of Wednesday evening, local police said.