Retail Sales Up 17.1% in August in China

Posted by Bill Belew on September 12th, 2007 in Doing Business in China | No Comments

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%.china.retail.sales.jpg

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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