Top 3,000 Retailers' Revenue Rises 9% in May
Total revenue at China's 3,000 largest retailers and restaurant operators rose 9% year on year in May, down 0.2% from a month earlier and up 1.1% from a year earlier, according to Ministry of Commerce. Revenue of apparels, home appliances and telecom devices was up 6.6%, 18.7% and 5% year on year respectively. Revenue from restaurants was up 9.2% year on year. Revenue from gold and jewelry sales jumped 29.7% year on year.
Dairy Sales Revenue Up 13.5% Through April
Dairy sales rose 13.5% year on year to 86 billion yuan in January-April 2013, Xinhua reported, citing Song Kungang, the head of the China Dairy Industry Association. During the 4-month period, total profit rose 12.3% year on year to 5.3 billion yuan; output of dairy products rose 10% year on year to 8.3 million tons; dairy imports totaled 596,200 tons valued at $2.1 billion, up 24.6% and 19.3% year on year respectively.
Vegetable Prices Keep Falling
The average wholesale price for the 18 most eaten vegetables in China dropped 0.3% week on week in the week through June 16, 2013 as warm weather increased output and supply, the Ministry of Commerce said. The wholesale prices of pork and beef dropped 0.2% and 0.1% respectively during the week, and chicken and mutton prices rose 0.1% and 0.5% respectively.
Shop Rentals to Soar
Shop rentals are expected to increase steadily in most Chinese cities as retail sales continue to grow fueled by young, fashion-conscious consumers, Retail in Asia reported, citing property consultancy CBRE.
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