Magazines Archives - 2007 January

China retail sales projected to grow by 13%
Story 14

RETAIL sales in China hit RMB682.2 billion (US$87.48 million) last Nov-ember in a 14.1% jump from a year ago.

According to the National Bureau of Statistics, retail sales in the country rose 13.6% year on year in the 11 months to November 2006 to RMB6.89 trillion.

Urban retail sales swelled 14.4% during the month to RMB 455.1 billion, while those in rural areas went up by 13.5% to RMB227.1 billion.

Sales of telecom equipment rose 17.6% year on year in November, while clothing sales soared 21.5%, daily consumer goods gained 15.6%, house-hold appliances grew 22%, and meat, poultry and eggs climbed 15.4%.

Retail sales are estimated to further rise by 13% this year to RMB8.6 trillion, the local media reported, citing research by the Ministry of Commerce.

The ministry said the growth in 2007 would be supported by prudent macro-economic policies, which will drive the Chinese economy’s expansion.

It had earlier predicted that China’s retail sales last year would close at RMB7.6 trillion, up 13.5% increase from a year earlier.


2007 January Stories:

Retail Outlook 2007- Opportunities and challenges ahead
Indonesian retailers enjoyed buoyant 2006

JT Network brings DC superheroes to Singapore

SM Investment acquires supermarket, hypermarket

Capitol Optical sets up first lifestyle concept store for eye care in the region
Lippo poised to open high-end stores in China

Jaeger looking East for the long haul  

Wal-Mart beats Tesco to retail tie-up in India 

Siri Mahamart uncovers Rs1 billion retail plan

Robinson wins rights to open River Island stores in Singapore and Malaysia

Harvey Norman goes to Penang

Shanghai Tang steps up presence in fashion cities

US Home Depot acquires Home Way

Best Denki in first major Viet franchise

China retail sales projected to grow by 13%

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