Zhejiang-based Chinese shoe maker Aokang has announced plans to launch an initial public offering in Shanghai and issue 81 million shares in the Shanghai Stock Exchange.

According to Statistics Bureau of Guangdong Province, the province realized consumer retail sales of nearly CNY1.3 trillion, a year-on-year increase of 16.1%, from January to August 2011.

The South Korean Lotte Group has signed a contract with Weihai Jiulong Real Estate to open a new Lotte Mart in the Weihai Economic and Technical Development Zone in Shandong.

International sports apparel maker Nike has announced plans to invest USD99 million to build a new distribution center in the Taicang Economic Development Area, Jiangsu, to reinforce its future development in China.

China's largest outdoor-themed department store, Neu Outdoor, has opened in Beijing.

According to reports in local media, Herbert Hainer, president of Adidas, recently said that as the wage level in China had been increasing, to reduce the production costs, Adidas plans to transfer a part of its production and purchase from China to other countries.