Reports for Midterm Exam.docx

Reports for Midterm Exam.docx

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ReportsforMidtermExam

Report1:

Positiveeconomicgrowthexpectedtocontinue

ByChenJia

BEIJING,Nov. 10（Xinhuanet）--China'sstableeconomicdevelopmentinOctoberstrengthenedeconomists'expectationsofa"happyending"totheyear,withindustrialandservicesectorsprogressingamidmoderateinflation.

TheNationalBureauofStatisticsreportedonSaturdaythatOctober'sindustrialoutputreached10.3percentcomparedwith10.2percentinSeptember.Theincreasewashigherthanthemarkethadexpectedandwasledbymanufacturing,whichincreased11.4percentfromayearearlier.

Retailsalesofconsumergoodsroseby13.3percent-thesamerateasinSeptember.

Fixed-assetinvestment,whichhasbeenthebackboneoftheworld'ssecond-largesteconomyinwithstandingtheglobalfinancialcrisis,moderatedslightlyduringthefirst10monthstoagrowthrateof20.1percent,comparedwith20.2percentfromJanuarytoSeptember.

HSBC'sChiefChinaEconomistQuHongbinsaidthereisnosignalhintingataneconomicslowdowninthefourthquarter,whichdepartsfromearlierexpectations.

"Theeconomicsituationwillnotbeworseinthelasttwomonths,"hesaid.

Meanwhile,consumerinflationinOctoberincreasedatarateof3.2percent,comparedwith3.1percentinSeptember.Therisewasmainlycausedbythe6.5percentincreaseinfoodprices,theNBSreported.

Inthefirst10months,theConsumerPriceIndexaveragewas2.6percent,whichislowerthanthe2.7percentduringthesameperiodlastyear.

TheProducerPriceIndex,anindicatorofindustrialinflation,droppedfasterinOctober,by1.5percent.Itdeclinedby1.3percentyear-on-yearinSeptember.

IndustrialBank'sChiefEconomistLuZhenweisaidconsumerinflationisexpectedtoremainmoderateforthelastquarter,andthereisnoneedtoworryaboutinflationpressurethisyear.However,industrialenterprisesstillfacegreatpressurefromexcessproductioncapacity,indicatedbythecontinuallysofteningout-the-factory-gateprices.

"Maybetheupwardturningpointoftheeconomystillhastowait,"Lusaid.

Asoverallinflationhasremainedatarelativelylowlevel,thecurrentmonetarypolicyis

expectedtoremainunchanged,economistssaid.

"Butsomefine-tuningoftheopen-marketoperationmaybeneededtohedgecapitalinflowsintothecountry,"saidQufromHSBC.

Inadditiontopositiveshort-termeconomicgrowthexpectations,economistsgreatlyanticipatethelong-termbalancingofdevelopmentandstructuralreform.

Theyagreedthata7to8percentGDPgrowthwillbea"normalspeed"forChinainthenextdecade-ashiftawayfromthepreviousdouble-digitrates.

OnthesamedaytheNBSreleasedtheOctobereconomicindicators,ameetingofthecountry'stopleaderstodiscussthereformagendaforthenextfiveto10yearsbeganinBeijing.

Theleadershipwilltrytopushmoresustainablegrowthandfindwaystosmoothlytransformthedevelopmentmodeintoaconsumption-drivenmodel.

UBS'ChiefChinaEconomistWangTaosaid:

"Weexpectmoretangibleprogressinservice-sectorderegulation,socialwelfare-systemreformandfinancial-sectorreformsinthenextcoupleofyears.

"Butwethinkmajorbreakthroughsinfiscal,landandState-ownedenterprisereformswillbeunlikelyinthenearfuture."

（Source:

ChinaDaily）

Report2：

Onlineshoppinggalasetsrecords

China'smajore-commerceprovidershavepostedrecordsalesfromtheNov11"Singles'Day"24-houronlineshoppingblowout.

MobileInternet,socialmediaandoverseasusershelpedboosttransactionsinanannualextravaganzathatmadeitsdebutfouryearsago.

November11,or11.11,wasproclaimed"Singles'Day"becauseofthenumberofonesinthedate,withsellerspromotingdiscountstosinglepeople.Chinahad564millionInternetusersattheendoflastyearand180millionsinglepeople.

PremierLiKeqiangrecentlytoldJackMa,chairmanofAlibabaGroupHolding,whichcoinedtheterm"DoubleEleven"andturneditintoanannualshoppinggala,thattheeventwillkindleChina'sspendingpower.

Thevirtualshoppingday,whichfeaturesheavydiscountsbyonlinemerchants,gotofftoahotstartonMonday,withthedailytransactionvolumeexpectedtoeasilydoublethatoflastyear.

E-commercegiantAlibabasurpassedlastyear'stransactionvolumeafter13hours'trading.

Alibabasaw19.1billionyuan（$3.13billion）transactedoverAlipay,thecompany'sonlinepaymentplatform,by1:

04pm,eclipsinglastyear'soveralldailysalesgeneratedbythegroup'sbusiness-to-customersiteTmallandcustomer-to-customermarketplaceTaobao.

Thenumberquicklysoaredto20billionyuanoverthenext30minutes.

Itrecordedmorethan1billionyuanintransactionsoverAlipayinthesixminutesaftermidnight,amilestonethattookanextra31minutestoreachlastyear.

By9:

19pm,thevalueoftransactionsonTmallandTaobaosurpassed30billionyuan,upnearly60percentonsalesfortheeventlastyear,asMahadpredicted.

TheprojectedincreaseisdriveninpartbyChina'sgrowingnumberofmobileInternetusers,whichresearchfirmAnalysysInternationalhasforecastwillexceed700millionthisyear.

Morethan120millionbuyershaveaccessedtheTaobaomobileappthisyear.

PurchasesviasmartdevicesonMondayreached1billionyuaninthefirst70minutes,asignificantincreaseonlastyearwhencombinedsalesthroughmobiletransactionsamountedtojust940millionyuan.

SocialnetworkingsitessuchasSinaWeibo,aTwitter-likemicro-bloggingserviceinwhichAlibabaholdsstakes,havetakentransactionstothenextlevel.

Bygivingoutcashincentivesofupto300millionyuan,Tmallencouragedcustomerstosharecashvoucherswithfriendsviamicroblogs.

DaphneLee,headofTaobao'sinternationalbusiness,saidAlibabahasalsopartneredwithinternationalcreditcardprovidersonrebatepromotionsinHongKong.

Morethan1,000merchantsaresellingintheHongKong,TaiwanandSoutheastAsianmarkets,whileaparcel-forwardingserviceisbeingintroducedforshoppers,Leetoldthecompany'spublicrelationsportalinHongKong.

Morethan20,000merchantsteamedupwithTmalltoslashpricesbyupto50percentandenticetensofmillionsofbargainhunters.

Chinesesmartphonemaker Xiaomi Corp,JapaneseclothingvendorUniqloandEFundManagementwereamongthefirstcompaniestoreach100millionyuaninsalesonMonday.

Formerchants,handlingahugeincreaseincustomers,processingtransactionsanddeliveringthegoodsareamongtheirtopheadaches.

XuLiang,generalmanageroftheLianTradeCo,whichsellsskincareandfacialproducts,said:

"ForNov11,wehiredtemporarystafftoboostourcallcenternumberstomorethan30.

"Wealsoworkedwith outsourcing partnershipstofindwarehousesandpreparepackagesinadvance."

BrianLeeofSinoSupreme,thelicenseddistributorofEllehandbagsinChina,forecastthatsaleswilldoubleto24millionyuan.

ZhangJingfei,agraduatestudentinHenanprovince,saidsheboughtsomeitemsonTmallthatdidnothavediscounts.

"Thewholedormitorystayeduptosnapupproducts.Thefeelingisthatifyoudon'tbuyanythingtoday,youloseout,"shesaid.

Alibabafacedcompetitionfrommanydomesticrivalsseekingtocashinontheoccasion.

SuningCommerceGroupchallengedAlibababyunderscoringtheimportanceofoffline-to-onlineretailconvergence,andencouragedcustomerstoexperiencebricks-and-mortarstoresbeforeclickingthemousetomakepayments.

Electronicsandappliancese-vendorJingDongMalllaunchedasimilarprograminOctober.Boastingaself-built logistics network,itpromiseson-timedelivery,aproblemplaguingAlibaba'spromotionslastyear.

SergeHoffmann,partneratBain&Co,aleadingmanagementconsultingfirm,saidhebelievesmoreconsumersareusingtheannuale-commerceshoppingfestival,largelyfueledbythespreadofsmartdevices.

HesaidthevalueoftheNov11transactionsissignificantintermsofgrossmerchandisevalueforTmall.Theincreaseinsmartphonescanalsogivecustomersaccesstoonlineshoppingroundtheclock.

Report3：

SinglesDaypromotionskindleChina'sspendingpower

BEIJING-Over100freighteraircraftandcountlesshigh-speedrailcarriagesandvehiclesaregearinguptoshuttlearoundChinesecitiesfortheshoppingcarnivalofSingles'DayonMonday.

TheonlineshoppingspreeonNovember11,initiatedinthenameof"Singles'Day,"acelebrationforthosenotpairedoff,hasbecomethecountry'smostpopularannualcommercialholidayandcreatedane-commercemiracle.

However,whatChinesee-commerceenterprisesareconcernedmostaboutrightnowisnottheirsalesvolume,buttheherculeantaskofactuallydeliveringthegoods.

Insomemajorcities,expresscompaniesaresorelylackingmanpoweraftermanystaffhavequit,preferringnottofacethefloodofgoods.

"Itisdestinedtobeanationwideonlineretailfrenzy.Chinesecustomershavenolackofspendingpower,butjustneedanignitor,"saidZhangYong,chiefoperatingofficerofe-commercegiantAlibabaGroup,operatorofTandT.

AccordingtoZhang,"Singles'Dayreleasedbothcustomers'desireandthesaleschannels.Alibabaprovidedthekindlinginignitingthemasseffectandappealofe-commerce."

E-COMMERCECREATION,MASSCARNIVAL

Singles'Daybecame24hoursofcrazyonlineshoppingwhenAlibabalauncheditsfirstsalescampaignonNovember11,2009.

Sincethen,Singles'DaysalesatTmallsnowballedfrom50millionyuan（$8.2million）in2009to19.1billionin2012,andarepoisedtotop30billionthisyear.

About10milliononlineshoppersrushedtoAlibabawithinthefirstminuteoflastSingles'Day.Andtheirordervolumesamountedto100millionyuanbytheendofthesecond