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July 12 – 7-Eleven said it will allow franchising in Shanghai in January 2013, without revealing terms. The convenience store chain previously said it planned to open 300 directly-run stores in the city during the next five years, up from 100 now. It already has allowed franchising in Beijing, Chengdu and Guangdong province, with different terms because the stores are managed by different parent companies.
http://www.linkshop.com.cn/web/archives/2012/216604.shtml
July 11 – Tesco opened a store in Tongling, Anhui province. It is the British retailer's fourth store in the province.
http://www.linkshop.com.cn/web/archives/2012/216542.shtml
July 11 – Sephora, a cosmetics retailer operated by France's LVMH Moet Hennessy Louis Vuitton SA, opened its 121st China store in Nanning, the capital of the Guangxi Zhuang Autonomous Region. Sephora has established a presence in 39 Chinese cities since it first came to the country in April 2005. It said in May that it plans to open 28 stores in second and third tier cities this year as the markets are already saturated in the largest cities
http://www.linkshop.com.cn/web/archives/2012/216514.shtml
July 10 – Marks & Spencer opened a 4,500m2 store in Shanghai, the fifth in the city and the largest in Asia. The British retailer currently operates eight stores in China and plans to open another eight in the next 12 months.
http://www.linkshop.com.cn/web/archives/2012/216344.shtml
July 9 – China's national handset shipments reached 194.91 million units in 1H 2012, including 106.87 million 3G phones, according to the Ministry of Industry and Information Technology's China Academy of Telecommunication Research. Separately, smartphone shipments in China surged 164% year on year to 33.1 million units in Q2 2012, becoming the world's largest market, according to Needham & Company, an investment banking and asset management firm.
http://www.sootoo.com/content/308377.shtml
July 9 – China's consumer price index eased to 2.2% in June from a year earlier, marking a 29-month low in tandem with a slowing economy, according to figures from the National Bureau of Statistics. Food prices, which make up one-third of the inflation basket, were up 3.8% compared to the same month a year ago. In 1H 2012 the CPI was up 3.3% from 1H 2011.
http://www.stats.gov.cn/tjfx/jdfx/t20120709_402816471.htm
July 9 – Tous, a Spanish jewelry retailer, said it plans to open 50 stores overseas this year, including 20 in China, marking its second attempt to explore the Chinese market after it retreated three years ago due to a flawed local partnership.
http://www.linkshop.com.cn/web/archives/2012/215946.shtml
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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