In 2012, China's nationwide home appliances rural project subsidy scheme, excluding provinces and cities like Shandong, Henan, Sichuan, and Qingdao, achieved sales of 79.913 million units, a year-on-year increase of 22.6%; and the total sales…
Chinese home appliances company Haier is rumored to be planning to fully acquire the New Zealand home appliances maker Fisher & Paykel.
Chinese home appliances maker Qingdao Haier published its semi-annual financial report for the first half of 2012, stating that its net profit increased by 21.26% year-on-year during the reporting period.
According to China's Ministry of Commerce, sales of home appliances in the country's rural areas in January 2011 passed 10 million units in a single month for the first time.
Statistics released by Beijing Statistics Bureau show that retail sales in the Chinese capital increased by 15.1% year-on-year to CNY96.77 billion in the first two months of 2010.
According to the statistics provided by China's Ministry of Commerce, during the three-day May Day holiday retail sales of 1,000 major retailers in China reached CNY12 billion, a year-on-year increase of 9%.
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.
Chinese enterprise management software and e-business application solution provider Kingdee International Software Group has announced plans to acquire the Shenzhen-based Sunsoft Software Technology Company.
Following the precept of Sir Jack Cohen, the founder of British retail colossus Tesco, Wal-Mart has announced massive price cuts for essential items in more than 100 of its retailing stores across China.