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June 29 – China's total consumption was ¥22.5 trillion plus $1.2 trillion worth of imports last year, just 48% of gross domestic product, according to Guo Shuqing, chairman of the nation's securities regulator. This means the Chinese saved 52% of what they produced, an alarmingly high level against healthy economic development not seen elsewhere in the world.
http://biz.xinmin.cn/2012/06/29/15335527.html
June 29 – Germany's Metro AG opened its 55th store in China.
http://www.linkshop.com.cn/web/archives/2012/214711.shtml
June 29 – Lotte Mart opened its 96th store in China, helping the country exceed its home market of South Korea in number of stores.
http://www.linkshop.com.cn/web/archives/2012/214758.shtml
June 28 – Inditex SA, the owner of the Zara brand, said it plans to open an online Zara shop in China by the end of September. Zara plans to increase its number of Chinese stores by 150 to 425 by the end of this year.
http://www.linkshop.com.cn/web/archives/2012/214647.shtml
June 27 – The number of deal-of-the-day websites in China has fallen to 2,996 as of the end of May, 56 less than a month earlier, according to Tuan800.com, a site that collects information about group-buy deals. It was the first time the number fell below 3,000 since 2011.
http://finance.qq.com/a/20120627/001406.htm
June 26 – Refrigerator sales in major Chinese cities were down 35.3% in volume and down 33.8% in value in Q1 2012, according to a joint report released by the State Information Center and the China Home Appliances Association.
http://finance.ifeng.com/news/corporate/20120626/6656818.shtml
June 22 – Armata, an Italian designer clothing retailer, opened its first China store in Shenzhen, Guangdong province.
http://www.linkshop.com.cn/web/archives/2012/214211.shtml
June 21 – China's spending on luxury goods will grow over 20% annually in the years to come, according to Deng Zhongyuan, director of the National Center of Fashion and Innovation. China is the world's largest luxury goods consumer.
http://www.linkshop.com.cn/web/archives/2012/213792.shtml
June 21 – FamilyMart, Japan's biggest convenient store chain, said it will open its first stores in Chengdu and Shenzhen by the end of this year. FamilyMart was operating 868 stores in four Chinese cities as of the end of April, most of them in Shanghai.
http://www.linkshop.com.cn/web/archives/2012/213752.shtml
June 20 – A quarter of household income is spent directly on children in China, and this share is increasing at an annual pace of 9%. There are 250 million children under 14 in China, 90 million of which live in cities.
http://www.buybuychina.com/brands-for-kids-a-goldmine-for-china-retailers/
June 20 – Tesco opened a store in Wujiang, Jiangsu province. It is the British retailer's 18th store in the province.
http://www.linkshop.com.cn/web/archives/2012/213638.shtml
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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