March 15 – Toyota said it plans to boost its revenue from China as a percentage of its global revenues to 15% by 2015, meaning the Japanese carmaker will have to sell 1.5 million cars a year in the country.
March 15 – Carrefour plans to open 22 to 25 stores in China this year and to increase the total number to 300 by 2015, said a senior Carrefour China official. The French retailer currently runs 182 stores in 47 mainland cities that generated ¥42 billion in revenues last year.
March 14 – Auto sales in Beijing declined 48% year on year to 23,736 units in February in the wake of the local government's measures to cool the overheated market, according to the China Automobile Hi-Tech Industrialization Commission.
March 14 – China's 3D TV sales totaled 151,000 units valued at ¥2.59 billion, or ¥17,152 per unit, from March 2010 through January 2011, according to All View Consulting.
March 14 – China's per capita plastics consumption has more than doubled to 46kg in 2010 from five years earlier, according to the Guangdong Plastics Industry Association.
March 14 – Chow Tai Fook, a leading Hong Kong jewelry retailer, said it plans to double its stores in mainland China to 2,000 in the next 10 years.
March 11 – China's retail sales rose 11.6% year on year to ¥1.38 trillion in February, according to the National Bureau of Statistics.
March 10 – Infant formula has accounted for almost 90% of China's dairy imports since 2008 when the industry was hit hard by a tainted milk powder scandal, according to Liu Peizhi, a senior official for the food safety committee of the State Council.
March 9 – Mercedes-Benz said it sold 27,900 cars in China in January-February, up 82% year on year.
March 9 – Suning Appliance Co (SHE: 002024) plans to open 370 stores this year including 70 in Guangdong province, said president Jin Ming. China's largest chain store by revenue was running 1,342 stores in mainland China, Hong Kong and Japan by the end of 2010.
$1 = ¥6.57
You are currently reading
total words in this article.
To continue reading this article, you must be a subscriber. Log in now..