China’s cartoon and animation industry will constitute 1% of its gross domestic product (GDP) within five to ten years, China Business News reported, citing a Morgan Stanley report. The investment and financial services provider said China has 300 million children under the age of 14 and that most of them are the only, and in many cases spoiled, child ...

China has overtaken the US as Japan’s largest export destination after it imported US$11.72 billion worth of goods in July, up 16.8% year-on-year, the Securities Times reported, citing official Japanese figures. It was the 38th straight month in which imports from Japan increased. Japan’s exports to the US declined for the 11th straight month in ...

Shanghai’s economy grew slower than the national average in the first half of the year. The chief economist at the Shanghai Bureau of Statistics tells China Business News that the sluggish half year was just a momentary blip

Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes