November 6 – Carrefour plans to expand its presence to 100 Chinese cities in three years, Carrefour China President Thierry Garnier said. The French retailer currently operates 236 stores across 73 Chinese cities, employing 66,000 people.

December 4 – Food prices rose slightly in China's 36 largest cities in the week through December 1 2013 from the previous week, the Ministry of Commerce said. The average price of the 18 most common vegetables was down 0.5% week on week, pork prices up 0.2% and egg prices were down 0.3%.

November 4 – Yum Brands (NYSE: YUM) said its same-store sales grew 1% year on year in China in November, an unexpected announcement as its sales had fallen every months since a new strain of bird flu was found in the country in April. KFC sales were flat compared with a year earlier, and Pizza Hut sales were up 7%. Yum plans to open 700 restaurants in China in 2014.

November 4 – Watsons, a Hong Kong-based convenience store chain, said it plans to operate 3,000 stores in mainland China by the end of 2016. It currently operates 1,600 stores across 290 mainland cities with over 30 million members.

November 4 – China is going to become Asia's biggest retail market worth $1.7 billion in 2013, according to a report by Cushman & Wakefield.

November 3 – China's online retail sales are expected to be 754 billion yuan in 2013, accounting for 7.7% of total retail sales, according to the China Online Retail Market 2013 report. Online retail sales are expected to more than double the 2013 level to 1.8 trillion yuan in 2014.

December 3 – Online retail sales in Beijing totaled 63.73 billion yuan in the first nine months of 2013, representing over 10% the city's total retail sales, according to the Beijing Electronic Commerce Association. Online retail sales in the Chinese capital almost doubled from the previous year to 59.68 billion yuan in 2012.

December 3 – Spanish bag brand Abbacino said it plans to open 50 stores across China next year, Inside Retail Asia reported. It has opened 20 stores in the country so far this year. Abbacino entered China in 2011 when it opened its first store in Shenzhen.

December 2 – China's consumer price index will likely rise over 3% in 2014 as result of costlier labor, rental and construction materials, the National Development and Reform Commission predicted.

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate