June 16 – China is considering a cut in tariffs on luxury goods to spur domestic spending after the Chinese became the most generous shoppers overseas last year, said commerce ministry spokesman Yao Jian.
June 15 – Turnover of China's major group buy sites totaled ¥597 million with an average discount of 65.4% off in May, down from ¥650 million and 66% off respectively in April, according to Tuan800.com.
June 15 – China's top 3,000 retailers monitored by the Ministry of Commerce posted a 15.7% increase in revenues in May, 3.5 percentage points slower than in the previous month and 2.3 percentage points slower than a year earlier, said the Ministry of Commerce.
June 14 – China's retail sales were up 16.9% year on year to ¥1.47 trillion in May and were up 16.6% year on year to ¥7.13 trillion in the first five months, according to the National Bureau of Statistics.
June 14 – China's inflation hit a 34-month high of 5.5% in May from a year ago, stoked by food prices that were up 11.7%, according to the National Bureau of Statistics. In the first five months, the consumer price index was 5.2% with food prices up 11.2%.
June 13 – Aeon, Japan's largest supermarket group, plans to have at least 2,000 outlets in China in the next decade, its vice president Jerry Black told the Financial Times.
$1 = ¥6.48
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