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April 20 - China's shoe sales totaled 2.26 billion pairs in 2011, making it the world's largest shoe market before the US's 2.13 billion pairs, Securities Times reported.
April 19 - China's cosmetics receipts from online sales jumped 66.6% to ¥37.26 billion in 2011 and are expected to reach ¥120 billion by 2015, according to iResearch.
April 19 - Personal computer sales in China are estimated to total 78.95 million units valued at $7.22 billion in 2012, according to IDC.
April 18 - Revenue from China's upscale mineral water sales is expected to amount to ¥1.3 billion per year by 2015, according to a forum on healthy water.
April 16 - China's tariffs on some electronic goods were lowered to 10%, a 10 percentage point decrease, while tariffs for fragrances, eye creams and serums increased by ¥100, China Customs said.
April 13 - China's smartphone sales surged 103.1% to 72.1 million in 2011 and are expected to grow 56% to 113 million units this year, according to iResearch. Smartphones currently account for 13% of all cellphones in China.
April 13 - China's retail sales rose 15.2% year on year to ¥1.56 trillion in March and rose 14.8% year on year to ¥4.93 trillion in the first three months of 2012, according to the National Bureau of Statistics.
April 12 - China's online retail sales are expected to exceed $360 billion by 2015, according to BCG report.
April 9 - The Procter & Gamble Co (NYSE: PG) raised its factory prices of shampoos in China by 10% to 20%, the company's Greater China regional director told Yicai.com, adding that it was up to retailers to pass on the markups to consumers in part or in full.
April 9 - China's consumer price index rose to 3.6% in March from a year earlier, with food prices gaining 7.5%, the National Bureau of Statistics said. The higher-than-expected inflation rate, believed to be buoyed by food and fuel costs, will delay monetary easing and dim the outlook for interest rate cuts, analysts say.
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.
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.
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.
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.
March 31 - China will reduce the tariffs on some fast moving consumer goods to spur consumption, the State Council said, without giving details.
March 22 - Neiman Marcus Group Inc plans to explore the Chinese market by launching an online luxury clothing and accessories store, the Wall Street Journal reported. The Dallas-based retailer is paying $28 million for a stake in Chinese fashion website Glamour Sales Holding Ltd. Neiman did not disclose the size of the stake.
March 22 - Consumer spending will grow 16% to 17% and become China's biggest economic propeller this year, the Ministry of Commerce said.
March 21 - The average price of the 18 most consumed vegetables in China rose 3.2% week on week during the week through March 18, 2012, the Ministry of Commerce said.
March 21 - Only 19.7% of respondents were satisfied with current consumer prices, and 62.9% said they could hardly accept the prices, according to a quarterly survey by the central bank.
March 21 - Shangri-La Asia Ltd (HKG: 0069) said it plans to open 11 hotels in mainland China in the next three years, including two in 2012.
$1 = ¥6.3
April 20 - China's shoe sales totaled 2.26 billion pairs in 2011, making it the world's largest shoe market before the US's 2.13 billion pairs, Securities Times reported.
April 19 - China's cosmetics receipts from online sales jumped 66.6% to ¥37.26 billion in 2011 and are expected to reach ¥120 billion by 2015, according to iResearch.
April 19 - Personal computer sales in China are estimated to total 78.95 million units valued at $7.22 billion in 2012, according to IDC.
April 18 - Revenue from China's upscale mineral water sales is expected to amount to ¥1.3 billion per year by 2015, according to a forum on healthy water.
April 16 - China's tariffs on some electronic goods were lowered to 10%, a 10 percentage point decrease, while tariffs for fragrances, eye creams and serums increased by ¥100, China Customs said.
April 13 - China's smartphone sales surged 103.1% to 72.1 million in 2011 and are expected to grow 56% to 113 million units this year, according to iResearch. Smartphones currently account for 13% of all cellphones in China.
April 13 - China's retail sales rose 15.2% year on year to ¥1.56 trillion in March and rose 14.8% year on year to ¥4.93 trillion in the first three months of 2012, according to the National Bureau of Statistics.
April 12 - China's online retail sales are expected to exceed $360 billion by 2015, according to BCG report.
April 9 - The Procter & Gamble Co (NYSE: PG) raised its factory prices of shampoos in China by 10% to 20%, the company's Greater China regional director told Yicai.com, adding that it was up to retailers to pass on the markups to consumers in part or in full.
April 9 - China's consumer price index rose to 3.6% in March from a year earlier, with food prices gaining 7.5%, the National Bureau of Statistics said. The higher-than-expected inflation rate, believed to be buoyed by food and fuel costs, will delay monetary easing and dim the outlook for interest rate cuts, analysts say.
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.
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.
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.
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.
March 31 - China will reduce the tariffs on some fast moving consumer goods to spur consumption, the State Council said, without giving details.
March 22 - Neiman Marcus Group Inc plans to explore the Chinese market by launching an online luxury clothing and accessories store, the Wall Street Journal reported. The Dallas-based retailer is paying $28 million for a stake in Chinese fashion website Glamour Sales Holding Ltd. Neiman did not disclose the size of the stake.
March 22 - Consumer spending will grow 16% to 17% and become China's biggest economic propeller this year, the Ministry of Commerce said.
March 21 - The average price of the 18 most consumed vegetables in China rose 3.2% week on week during the week through March 18, 2012, the Ministry of Commerce said.
March 21 - Only 19.7% of respondents were satisfied with current consumer prices, and 62.9% said they could hardly accept the prices, according to a quarterly survey by the central bank.
March 21 - Shangri-La Asia Ltd (HKG: 0069) said it plans to open 11 hotels in mainland China in the next three years, including two in 2012.
$1 = ¥6.3
@2011 China Economy @ The China Perspective.
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