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*>>nt last year, the country's holiday indulgences have a strong impact on the market worldwide.Gold is one of the commodities most positively affected by the shopping spree, and its impact is global because China accounts for more than 20 percent of total demand for gold jewelry, according to Jiang Yangjing, researcher at State-backed Chinese investment banking firm China International Capital Corp."The Chinese have a long tradition of giving gold jewelry as gifts to their relatives and friends," Jiang said. "Also, the Chinese New Year is the major wedding season."The luxury car market, which rose 16 percent last year to
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*>>st the third BRICS Leaders' Meeting on April 14 in Sanya, a city in China's southern island province of Hainan."Brazilian President Dilma Rousseff was the first head of state to confirm her participation in the summit, which indicates the importance we have attached to the BRICS and our wish to see the BRICS strengthen and to see the importance of the BRICS grow at the international forum," Brazilian Ambassador to China Clodoaldo Hugueney told .The previous two BRIC summits were held in Russia in 2009 and in Brazil in 2010."It is becoming a practice and tradition that we should have annual meetings of the states of the
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*>>components giant Foxconn, which itself has gone west by setting up a major base in Chongqing, announced in July it was to deploy 1 million robots within three years to replace more expensive labor.The company, which makes products for Apple and Hewlett-Packard and has been dogged by stories of worker suicides at its main base in Shenzhen, currently has just 10,000 robots.This level of automation will provide in itself major opportunities for new Chinese manufacturing companies to make robots and mechanization equipment, where currently Swiss and Japanese companies often have an advantage.McCool says China also has a ri
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