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April 25 – Retail sales grew 18.5% year on year to ¥24.91 billion in Anhui provincial capital Hefei in Q1 2011, representing 21.5% of the province's total. There were 34 retailers that recorded ¥100 million in revenues or above over the period.
April 23 – Shanghai residents who buy alternative energy-powered vehicle could get up to ¥100,000 in central and local government subsidies, said the local government.
Source: http://www.yicai.com/news/2011/04/745438.html
April 22 – China's cash for clunkers program has prompted ¥170 billion of home appliance sales since the subsidies were introduced in February 2009, said the commerce ministry.
Source: http://cn.reuters.com/article/chinaNews/idCNCHINA-4184620110422
April 22 – Burger King is set to open its first store in Guangdong provincial capital Guangzhou. The fast food chain is currently operating over 40 restaurants in Shanghai, Beijing and Shenzhen.
Source: http://www.linkshop.com.cn/web/archives/2011/160222.shtml
April 20 – Online shopping turnover shot up 100.9% year on year to ¥170 billion in Q1 2011, according to iResearch.
Source: http://www.iresearch.com.cn/View/137608.html
April 20 – Shangri-La Hotels and Resorts said it plans to open 20 hotels in mainland China over the next five years. It is currently running 32 hotels on the mainland.
Source: http://www.linkshop.com.cn/web/archives/2011/159926.shtml
April 20 – TV sales in China totaled 10.46 million units valued at ¥39.4 billion in Q1 2011, down 5.2% and 8.2% respectively from the same period last year, according to All View Consulting. It was the first decline in sales turnover over the past four years.
Source: http://company.nbd.com.cn/newshtml/20110420/20110420024919118.html
April 19 – Amway said its revenue from China amounted to $3.2 billion in 2010, representing over 1/3 of its global sales of $9.2 billion.
Source: http://finance.qq.com/a/20110419/000455.htm
$1 = ¥6.52
@2011 China Economy @ The China Perspective.
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