Dominance of its affluent home province of Zhejiang and targeted expansion elsewhere should support further strong top-line growth for department store operator Intime

China’s State Council, the cabinet, announced a plan to subsidise purchases of energy-efficient home appliances and small engine cars on Wednesday in an attempt to boost consumption and prevent a further economic slowdown.

China’s exports showed a modestly expanding trend on a MoM basis and a significant increase YoY in April, according to a China Confidential survey of 202 exporters across the country in late April and early May.

Discretionary spending and consumer borrowing by Chinese urban consumers strengthened in April, according to a China Confidential Survey of 600 consumers in 134 cities, suggesting continued robust consumer confidence despite signs of an economic slowdown in 1Q12. The majority of respondents remain optimistic about the future economic outlook.

Chinese consumers’ growing thirst for foreign plonk has driven a surge in imported wine in recent years, posing a major challenge for established domestic winemakers.

Changyu’s ten chateaus and high-end brand underpin our strong forecast for the company this year.

In spite of its joint venture with Remy Cointreau (RCO:PAR) and its 11,000 sq metre Chateau Dynasty near Tianjin, Dynasty is having a hard time trying to build a popular brand.

Restructuring efforts finally appear to be paying off, but the growing popularity of imported wine in core southern markets threatens to derail Great Wall’s recovery