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June 7 – China's top 10 retailers saw their revenue grow 16.8% year on year in April, the Ministry of Industry and Information Technology said. The growth rate was 4.86 percentage points faster than a month earlier but 11.44 percentage points slower than a year earlier.
http://www.yicai.com/news/2012/06/1794673.html
June 6 – Ikea opened its 11th Chinese store in Wuxi, Jiangsu province. The 49,117m2 mall is the Swedish home improvement product retailer's second largest in the country.
http://www.linkshop.com.cn/web/archives/2012/212122.shtml
June 6 – The Chinese government's incentives for farmers to replace home appliances spurred sales of 30.11 million items valued at ¥79.88 billion between January and May, down 5.7% and up 4.4% year on year respectively, the Ministry of Commerce said.
http://finance.qq.com/a/20120606/001426.htm
June 6 – Metro AG said it plans to open 54 stores in China in the next three years after opening just four in the country last year. The German retailer started doing business in China in 1995 and had 54 stores there as of the end of 2011.
http://www.linkshop.com.cn/web/archives/2012/212018.shtml
June 5 – China's oil consumption totaled 27.65 million tons in 2011, including 25.15 million tons of edible oil and 2.5 million tons of industrial oil, according to the Chinese Cereals and Oils Association. The total amount was translated into 20.5kg per person.
http://www.yicai.com/news/2012/06/1785585.html
June 4 – Sales of tablet computers in China are expected to hit 40 million units in 2012, more than double last year's 14 million, according to Hqew.net, an electronics consultancy based in Shenzhen.
http://tech.qq.com/a/20120604/000184.htm
June 4 – Chinese consumers, including those in Taiwan and Hong Kong, spent ¥42.6 billion on Swiss watches in 2011, accounting for 31.6% of the European country's total watch exports, according to the Federation of the Swiss Watch Industry.
http://www.linkshop.com.cn/web/archives/2012/211691.shtml
June 1 – Lotte Mart said it plans to open 50 stores in the three provinces in northeastern China in the next five years. The South Korean retailer currently operates 95 stores in China.
http://www.linkshop.com.cn/web/archives/2012/211516.shtml
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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