Yihai Kerry, parent company of the Chinese edible oil maker Jin Long Yu, has confirmed that the company plans to formally increase the prices of some edible oil products by about 5%.

Shanghai Municipal Bureau of Statistics has published its latest retail statistics, stating that Shanghai's consumer retail sales reached CNY445.764 billion in the first nine months of 2010, a year-on-year increase of 17.6%.

According to Zuo Xingkai, deputy general manager of Sinopec Chemical Products Sales Company, to date, Sinopec has opened convenience stores in 13,077 of its gas stations, accounting for 44% of its total 29,698 gas stations and these convenience stores have reportedly formed the largest non-oil retail network in China.

Starting May 2008, the Hangzhou Price Bureau will collect price information of major commodity products from 19 influential retailers in the city, make comparisons and publish the results weekly. This is reportedly an innovation in China.