China Economic ReviewBeijing's first 'US-style' shopping mall is being built in the suburbs of the city at a cost of Yn3.1bn. The 37-hectare site being developed by Da Di Group will become a shopping, entertainment and leisure complex with up to 8,000 car parking spaces. Facilities will include a swimming pool, skating rink and cinemas, in addition […]
Consumer prices in China rose at their fastest annual rate in six years in October, according to the country's National Bureau of Statistics (NBS). China's consumer price index (CPI) grew by 1.8% year-onyear in October. The Chinese CPI rose 0.8% in the first 10 months of the year, and 1.1% in September. The NBS attributed […]
The private sector now accounts for a quarter of China's gross domestic product (GDP), according to National Bureau of Statistics figures. Private enterprises have made big inroads in established sectors such as consumer goods production as well in areas that were previously government monopolies, including transport and telecommunications. The bureau also said that consumption accounted […]
According to a report by the British NGO Futures Group Europe, most Chinese condoms are well below international standards and even ones failing domestic-standard safety checks are finding their way onto the market. China has only seven domestic condom manufacturers, which produce plain unmarked foil-wrapped goods in three quality categories. These are then repackaged by […]
The Italian fashion retailer Benetton has opened its largest store in the world in Shanghai. The 3,000 sq metre outlet covers four storeys of a building on Huaihai Road and is the group's first megastore in China. Benetton joins several other European fashion companies that are targeting the China market. In September, Giorgio Armani said […]