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|BEIJING Cheap Asics Womens Shoes , Jan. 29 (Xinhua) -- Three vendors on Alibaba's Tmall platform voiced strong protest against an official quality inspection report on Thursday after a dispute between the e-commerce website and the regulator.
In an joint letter posted on their Sina Weibo accounts, three outdoor sports stores, including Xundong, Ronggu and Jiubaidu, demanded explanation from the network supervision office under the State Administration for Industry and Commerce (SAIC) over a report released last month that accused them of selling fakes.
The vendors said their stores had been frozen by Tmall since then and they had not received any report or evidence from the SAIC showing what they had done wrong.
"This was like giving us the death penalty without undergoing any trials Cheap Asics Shoes ," read the statement.
If the SAIC refuses to respond, we have to resort administrative litigation to protect our legitimate interests, the statement added.
The latest episode came amid the ongoing salvo between Taobao, the most profitable branch of e-commerce giant Alibaba Group, and the SAIC since the latter published a quality inspection report on Jan. 23 that gave Taobao the lowest rank in terms of certified product rate.
The SAIC sample test showed that only 37.25 percent of surveyed commodities sold on the website were authentic Asics White Shoes Online , lower than a 58.7-percent average of major online shopping platforms. Taobao's major rival, JD saw its rating at 90 percent.
Taobao fired back on Tuesday and said it was unfairly treated.
It claimed the inspection was flawed in logic and contradicted previous data, pointing out the authority only made a sample of 51 items which cannot represent the enormous trade volume on the platform.
In an official response on Wednesday, Taobao said it will file a complaint to the SAIC based on accusations of a senior official's improper supervision.
"Director Liu Hongliang followed improper procedures and his legal assessment was emotional," Taobao said Asics Black Shoes Online , "He reached a conclusion that was not objective, bringing a negative effect on Taobao and e-commerce businesses."
"We welcome any supervision that is fair but oppose nonfeasance and random or malicious official actions," the post said.
BERLIN, Jan. 20 (Xinhua) -- Investors were optimistic towards the outlook of German economy at the start of the new year, a survey found on Tuesday.
An indicator measuring the confidence of investors increased for the third consecutive month in January 2015 and reached the highest level since February 2014 Asics Kids Shoes Online , the survey by Centre for European Economic Research (ZEW) in Mannheim showed.
The indicator now stands at 48.4 points, 13.5 points higher than in previous month.
ZEW said investors' confidence was boosted by falling energy prices and a weak euro despite recent fluctuations in stock markets and uncertainties over the coming elections in Greece.
"The new year started with turmoil in the capital markets ... However, this seems not to have impressed ZEW's financial market experts with regard to their expectations on the German economy. Instead, decreasing crude oil prices and a depreciating euro have contributed to a further gain of the indicator," said ZEW President Clemens Fuest in a statement.
Crude oil prices have dropped by almost 60 percent since June 2014 Asics Mens Shoes Online , dragging consumer prices growth in Germany down to a five-year low level and inflation rate in the euro zone to negative in December.
While the prolonged low inflation added pressure on the European Central Bank. It was seen as a stimulating factor to private consumption.
German central bank Bundesbank said on Monday that German economy revived faster than many had expected due to falling energy prices and positive sentiments.
In 2014, German gross domestic product (GDP) increased by 1.5 percent, up from the 0.1 percent in 2013 and 0.4 percent in 2012.
German statistical office Destatis was scheduled to release German growth data in the final quarter of 2014 at mid-February. Analysts said the coming figure would show more clearly that German growth accelerated at the end of last year.
WASHINGTON, May 31 (Xinhua) -- U.S. consumer spending in April rose at the fastest pace in almost seven years, indicating that U.S. economy will bounce back in the second quarter after a slow start to the year Asics Womens Shoes Online , the U.S. Commerce Department reported Tuesday.
Personal spending surged 1 percent in April from the previous month, the largest monthly gain since August 2009, the Commerce Department said. When adjusted for inflation, personal spending edged up 0.6 percent last month, the biggest increase since February 2014.
Personal income increased 0.4 percent in April after rising by the same margin in the previous month Asics Shoes Online , while personal savings rate declined to 5.4 percent from 5.9 percent in March, the Commerce Department said.
The price index for the personal consumption expenditure (PCE), a gauge for the inflation level preferred by the U.S. Federal Reserve, increased 0.3 percent from a month earlier, the largest gain since May 2015.
The core PCE price index Asics White Shoes Sale , excluding volatile food and energy, increased 0.2 percent from the previous month and 1.6 percent from a year ago, still below the central bank's target of 2 percent.
April's improvement in personal income and spending boosts economists' confidence that the U.S. economy will bounce back in the second quarter after a disappointing start to the year, as consumer spending accounts for about two-thirds of economic output.
The U.S. economy grew at an annual rate of 0.8 percent in the first quarter of this year, higher than the advance estimate of 0.5 percent Asics Black Shoes Sale , but lower than the 1.4 percent increase in the previous quarter, the Commerce Department reported last week.
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