Chinese food prices continued to rise last week with pork prices hitting a record high, stoking fears that inflation has yet to ease significantly, the Wall Street Journal reported. The latest weekly figures from the Ministry of Commerce show food continues to put upward pressure on overall prices: Pork prices rose 0.4% week-on-week to hit […]
Category: Consumer
Swedish furniture retailer Ikea’s mall developer is planning to increase its investment in retail space in China, building a fourth shopping mall in Shanghai and increasing the size of three other existing malls in China to meet stronger-than-expected demand for shop leases, Bloomberg reported. According to Inter Ikea Centre Group ‘s managing directory John Tegner, […]
Starbucks (SBUX.NASDAQ) plans to triple its retail footprint in China over the next four years, alongside significant expansion in other Asian markets, the Associated Press reported. According to a statement by Starbucks Asia-Pacific president Jinlong Wang, the world’s largest coffee retailer plans to have 1,500 retail locations in China by 2015, up from a current 470. […]
Source: Bloomberg
China’s Apple mania isn’t dying down