Retail Sales Up 17.1% in August in China
Submitted by Bill Belew on Wednesday, 12 September 2007No Comment
Up, up, up…it's the only word for sales and profits' reports in China these says.
I just wrote Computer, Home Appliance Profits Up 600%, 500% Respectively.
Add to that China retail sales have reached $94.5 billion in August alone – up 17.1%.
The total sales thus far this year in China – $743.7 billion, up 15.7%.
Accomodation and catering – up 19.1%.
Wholesale and retail sectors – up 17.2%
Grain and oil rose 44%.
Poultry and eggs were up 45.2%.
And there are still more than a half billion people who are slowly gaining buying power.
It's going to keep going up for a long long time, no?
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