Magazines Archives - 2007 April

China sees fastest sales rise in 2 years
Story 12

JANUARY and February retail sales in China rose the fastest by 14.7% in two years to total RMB1.45 trillion (US$187.79 nillion), according to the National Bureau of Statistics’ data. Increased spending on food, cars, electronics and clothes helped.

Urban sales went up 15.3% for the period to RMB980 billion, said the bureau, while sales in rural areas grew 13.4% to RMB470 billion.

Sales of clothes in the two months reviewed grew 27.9%, while those of daily consumer goods were up 23% and 21.6% for household appliances. Grain and edible-oil sales also gained 25.4% year on year, with sales of meat, poultry and eggs soaring 32.5%.The figure represents the strongest growth since May 2004 when the government raised minimum wages and increased welfare spending to boost consumption and reduce the economy’s dependence on exports and investment for growth.


2007 April Stories:

Developing economies spearhead retail sales growth in the region

Seiyu expects to recover from the red with gains

Tangs to make regional forays, beginning with KL

Vietnam to modernise in hopes of generating higher retail sales

Metro to build largest store in China

Daimaru’s purchase of Matsuzakaya will create largest Japanese store chain

Shoppers’ Stop to buy 19% of HyperCity

FJ Benjamin acquires exclusive rights to retail Celine in South-east Asia

edc takes first bow outside Europe in S’pore

Li & Fung buys Tommy Hilfiger’s sourcing operations

Sweden’s H&M opens in Asia

Landmark embarks on growth path in Kolkata

China sees fastest sales rise in 2 years

Aeon buys a stake in flagging Daiei

7-Eleven cash exchange round the clock

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