Business Intelligence on Retailing, Franchising, and Consumerism in China


Shanghai 2008 Retail Sales Reach CNY453.714 Billion

According to data published by the Bureau of Statistics of Shanghai, retail sales for 2008 in Shanghai increased by 17.9% to CNY453.714 billion.

The bureau said that in 2008, consumption in Shanghai continued to grow rapidly with the monthly growth of retail sales averaging over 15% year-on-year. At the same time, demands for fast-moving consumer goods remained high.

Cai Xuchu, a general economist from the Bureau of Statistics of Shanghai, said that the major reasons for the fast growth of the Shanghai market can be attributed to the Shanghai government's policies which aimed to enlarge domestic demands and encourage consumption. In addition, the improved level of social security played an important role in promoting consumption while the stable and continuous increase in people's income strengthened consumer confidence.

The bureau also published other economics statistics of Shanghai in 2008 in the report, which said that over the entire year of 2008, Shanghai's total exports grew 17.7% year-on-year while its fixed asset investments grew by 8.3%.






Be the first to comment on "Shanghai 2008 Retail Sales Reach CNY453.714 Billion"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco