China Economic ReviewConsumer confidence in China fell over the first six months of 2002 but remained strong, according to an Asia-Pacific survey by MasterCard International. China's mid-year index of 73.6 was down from the country's highest ever score of 84.8 at the start of the year. Weaker consumer sentiment on employment (53.6) and the stock market 57.1) […]
China will record the world's highest growth rates for rubber consumption over the next four years, said a study by the Freedonia Group. However, the increases will be slower than those recorded in the 1990s. The market will be sustained by expanding demand for industrial rubber products such as hoses, belts and gaskets, offsetting a […]
The US-based retailing giant Wal-Mart bought US$10.3bn-worth of Chinese-made goods last year, according to Shenzhen Commercial Daily, up from US$2bn in 1998. This year's purchases are expected to be US$15bn. Last year, four million Hongtu DVD players were sold in Wal-Mart stores worldwide. In mainland China, the group has 20 stores in nine cities; it […]
French hypermarket chain Carrefour has signed an agreement with Guangzhou General Merchandise Group to start a joint venture in Guangzhou, Xinhua reported. The venture will be 65 per cent owned by Carrefour, with 25 per cent being held by the mainland partner and 10 per cent by a Taiwan- based firm. This will be the […]
China Resources plans spending spree would have 50 hypermarket stores, 190 superstores, 180 discount stores and more than 800 supermarkets. Expansion will be focused on the Pearl River delta, the Yangtze delta, Beijing and Tianjin.