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April 5 - China's spending on groceries reached $970 billion in 2011, overtaking the US ($913.5 billion) to become the world's largest market, according to IGD, a food and grocery item consultancy. It forecast the Chinese grocery market to be worth $1.46 trillion by 2015.
http://finance.qq.com/a/20120405/001241.htm
April 5 - Lawson Inc, Japan's second largest convenience store chain, is in talks to buy at least three peers in China in its first overseas acquisition as the company looks to faster growing markets to increase sales, Bloomberg reported, citing CEO Takeshi Niinami.
http://www.bloomberg.com/news/2012-04-04/lawson-in-talks-to-buy-at-least-three-china-store-chains.html
April 1 - About 70% of respondents in China said they shopped online at least once a week, well above 40% in the US and the UK and 20% in the Netherlands, France and Switzerland, a PricewaterhouseCoopers survey has found. Between 60% and 65% of Chinese respondents said they often bought clothing, shoes, books, music and movies online, compared to 35% to 45% on average for other markets.
http://www.linkshop.com.cn/web/archives/2012/203082.shtml
March 31 - Shimamura, a Japanese budget clothing retailer and Uniqlo's strongest competitor, said it plans to open its first Chinese store in Shanghai in April and to open another nine stores in the city in two years.
http://www.linkshop.com.cn/web/archives/2012/202822.shtml
March 31 - China will reduce the tariffs on some fast moving consumer goods to spur consumption, the State Council said, without giving details.
http://news.sina.com.cn/c/2012-03-31/023924203451.shtml
$1 = ¥6.3
@2011 China Economy @ The China Perspective.
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