The Federal Reserve reports that industrial production was unchanged in February 2012. There are, however, a lot of good news in the new report. Manufacturing production increased 0.3 percent in February. A 1.2 percent decline in mining activity and flat utility production hid a moderate gain
China is the world’s factory when it comes to counterfeit products: two-thirds of fake products seized last year by U.S. Customs originated in China. But Chinese consumers are growing increasingly wary of buying fakes for themselves.