China’s retail sales are expected to rise 10 per cent year-on-year in 2002, about the same growth rate as last year, according to a State Economic and Trade Commission forecast reported by China Securities Journal. The commission said that the government would try to stimulate consumption this year by urging banks to offer more credit, […]
Category:
Categories
Shift to longer-term savings
Recent statistics from the People’s Bank of China (http://www.pbc.com.cn) indicate some surprising changes in household savings behaviour during 2001. Chinese families are accumulating bank deposits at a higher rate than ever before, possibly in response to greater economic insecurity. But the time structure of new deposits has shifted dramatically, away from demand deposits and towards […]
Categories
Ad spending surges ahead
Spending on advertising rose 22 per cent to Yn98bn last year, according to a study by ACNielsen Media International. China became Asia’s largest advertising market in 2000, but the figures put out by the industry monitoring company are a little inflated because they are based on published tariffs and do not include discounts. Television accounted […]
Categories
Titanic attraction for mall
Concord World Group of Hong Kong plans to build a replica of the Titanic in a huge new Shanghai shopping mall, South China Morning Post said. The 269- metre-long replica will be moored to the group’s Xiehe World Square shopping mall in Nanjing Road as the centrepiece of the mall’s �New York zone’, one of […]
Categories
IPO proceeds plummet in 2001
A total of 74 Chinese companies raised Yn46.1bn in initial public offerings on domestic and foreign markets in 2001, a fall of per cent on the previous year, according to the China Securities Regulatory Commission. Mainland companies, including those already listed, raised a total Yn116.8bn in selling new shares in 2001, reported Xinhua. The downturn […]