Jiang Zengwei, the deputy director of China's Ministry of Commerce, and Fang Aiqing, the assistant director of the Ministry of Commerce, said during an interview that China plans to boost its overall consumption in through five measures.
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Recent News by Category
Banking & Payment
China Mobile And Wumart Sign Cooperation Agreement In BeijingChina Mobile Beijing branch and the Beijing-based hypermarket retailer Wumart Stores have signed a strategic cooperation agreement on payment by mobile phone.
Business
China's Mofcom Launches Five Measures To Stimulate ConsumptionJiang Zengwei, the deputy director of China's Ministry of Commerce, and Fang Aiqing, the assistant director of the Ministry of Commerce, said during an interview that China plans to boost its overall consumption in through five measures.
Clothing
Decathlon To Open New Outlets In FoshanEuropean sports supplies retailer Decathlon has signed an agreement with Nanhai district government in Foshan, Guangdong, to open two new outlets, a Qiandeng Lake project and Shishan project, both of which are scheduled to open in 2011.
Cosmetics
L'Oreal's Sales In China Up 17.6% In 2009L'Oreal Group, the global cosmetics group, has announced in Shanghai that it made revenues of CNY8.18 billion in mainland China in 2009, a year-on-year increase of 17.6%.
Department Stores
China's Lisi Group Opens Seventh Department Store In ZhenjianZhejiang Lisi Group has opened a new department store in Zhenjian, Lisi Zhenhai Department Store, which is the group's seventh self-constructed chain department store following ones in Yinzhou, Tonglu, Haiyan, and Jishigang.
Electronics
China's Suning Issues 2009 Performance ReportsChinese electronics retailer Suning has released its 2009 Achievement Report and 2009 Corporate Social Responsibility Report.
FMCG
EFuture VDRP System For Fujian HenganFast-moving-consumer-goods company Fujian Hengan Holding Company has has signed a software license contract for with eFuture Information Technology for a Visual Distributor Resources Planning solution based on eFuture One E-Channel.
Food & Beverage
Subway To Open At Least 35 New Outlets In China In 2010According to reports in Reuters, the U.S. fast-food chain Subway plans to expand the number of its restaurants in China and aims to exceed the total number of McDonald's outlets in China in ten years.
Furnishings
Taiwan's Hola To Open New Stores In Mainland China In 2010Taiwanese decoration supplies company Hola has announced the opening of two new stores in mainland China at the beginning of 2010: the Suzhou Jinji Lake Hola store and the Hola Yueda 889 store.
Health
China Retail Drug Sales Reached CNY66 Billion In H1 2009Yu Deming, the director of the China Pharmaceutical Enterprises Association, stated at "The 4th Growing Pharmaceutical Enterprise Development Forum" that China's drug retail market reached CNY66 billion in the first half of 2009, an increase of 15.8% compared with the same period in 2008.
Hotel & Travel
Revenue From Beijing's Five-star Hotels Beijing Down 16.9% In 2009According to data provided by Bureau of Statistics of Beijing, the revenue of star-grade hotels in the city decreased by 9.7% year-on-year in 2009.
Law & Order
Withdrawal Of 26 Substandard Commodities In BeijingBeijing Administration for Industry and Commerce has exposed 26 kinds of substandard commodities and asked sellers to withdraw them from sale.
Logistics
Hubei: 22 Chain Medical Stores To Set Up Collective Purchase PlatformThe largest retail drugstore alliance in Hubei has been established and 22 chain medical companies in the province will jointly set up a collective purchasing platform.
Luxury Goods
Shanghai Laofengxiang Net Profit Up 85% In 2009Shanghai-based jewelry store operator Laofengxiang has published its annual financial report for 2009, and has posted a year on year growth in net profit of 85%.
Supermarkets
Korea's E-Mart To Open 100 New Stores In China By 2015Although it entered the Chinese market 13 years ago, the development of South Korea's E-Mart has been slow. However, its newly appointed China president has stated that it will accelerate its expansion and will open 100 new stores by 2015.
