March 8 - Chow Tai Fook Jewelry Group Ltd (HKG: 1929), a leading Hong Kong-based jeweler, expects sales of its gold rings and bracelets to continue to rise in China as it plans to open more than 500 stores there in the next four years despite slowing economic growth, Bloomberg reported.
March 6 – China's spending on luxury goods grew 25% to 30% in 2011, Bain & Co predicted. In 2010 Chinese consumers spent ¥212 billion on luxury goods, and name brands like Boss, Gucci, Burberry and Prada opened 160 stores in the country, Bain & Co added.
March 1 – Online retail sales in China jumped 66% to ¥784.93 billion in 2011; the growth rate was six times that of overall retail sales, according to a joint report by IDC and Alibaba Group, the nation's top e-commerce service provider.
March 1 – Turnover of China's deal-of-the-day websites grew 14.5% quarter on quarter to ¥23.7 billion in Q4 2011, according to Analysys International.
$1 = ¥6.32
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