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China’s retail and catering sectors grow 17.5% over National Day
China’s retail and catering sectors post a year-on-year growth of 17.5 percent in sales during the National Day Holiday running from Oct 1-7, known as a “Golden Week” for businesses,…
HK’s retail sales up 29 pct in August
(Xinhua) — Hong Kong’s Census and Statistics Department said Monday that the value of total retail sales in August, provisionally estimated at 34.3 billion HK dollars, rose 29 percent year…
Tax for consumer goods may be cut
CHINA may lower the tax for imported consumer goods, Vice Minister of Commerce Zhong Shan said. The ministry is now soliciting opinions for a new guideline to encourage more imports…
FMCG firms told focus on consumer demands
FMCG (fast-moving consumer goods) enterprises and retailers must find a mechanism that caters to Chinese consumers’ different needs to nurture their “intimacy” toward products and brands, said economists and company…
Rebate expected to draw crowds to Hainan
Hainan province’s offer of tax rebates to shoppers is expected to draw flocks of tourists to the island during the coming National Day holiday. Ctrip, one of the country’s leading…
Shopping experience can’t be replicated online
AS domestic consumers, especially young online shoppers, increasingly spend their money on fashion apparel, handbags and accessories, online retailers are starting to include more high-end goods in their product mix.…
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