2 China beats US to become no.1 in the world art mart
China's share of the global art market rose from 23 percent in 2010 to 30 percent last year, pushing the US to second place with a share of 29 percent.
3 China is the no. 1 mobile phone giant
A report from Reuters, Hong Kong shows that 'China, the world's largest mobile phone market, saw a 1.23 percent monthly increase in the total number of mobile subscribers to 999.7 million in February, data from the country's three telecommunications operators showed.'
4 Consumption, not investment to drive China's growth in 2012
'Now consumption will overtake investment as China's biggest driver of economic growth in 2012 for the first time in more than a decade, the Ministry of Commerce's research institute said in a report.'
5 Brands moving out of China
A Reuters report from Paris says, 'A string of countries on and around the fringes of western Europe are becoming new centres of fashion clothing manufacture as China moves up the industrial value chain and brands discover adaptable suppliers closer to home. Sourcing from China is getting more expensive, but it is still cheap, so a decision to go for Made in Morocco or Made in Moldova instead is not all about price…
While 'Asia remains the European branded fashion industry's manufacturing powerhouse, representing 75 percent of sourcing in 2012, according to a study by the Institut Francais de la Mode.
6 The World TT champs
The 51st edition of the TT World Championships in Dortmund is on.'The Chinese dominance is reflected in the number of world team titles in the history of the tournament, which is organised every alternate year with the singles singles event.The Chinese men hold a record of 17 wins and so as the women.Japan is second in the list with seven titles in the men's category and eight in women. Hungary was a very strong table tennis nation in the past, winning the men's championships the first five times since 1926 with overall total of 12.From the 1960s onwards, China emerged as the new dominant power.'
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