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China’s Retail Sales Up 9% During May Day Holiday

Source: http://www.chinaretailnews.com/2009/05/06/2616-chinas-retail-sales-up-9-during-may-day-holiday/
Posted on Tuesday, May 5th, 2009 | In China, Market Commentary
Contributed by: China Retail News (http://ChinaRetailNews.com) -

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%.
Mofcom said robust sales were reported for gold, jewelry, home appliances, and automobiles because of the various promotions launched by retailers during the period. [...]

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About China Retail News (http://ChinaRetailNews.com)
China's a big place, and the large amount of information it takes to run a successful retail business in the Middle Kingdom just can't be processed by mortal souls.

With what potential partners should you work? How can you hire staff? What do you do when someone in your business is caught doing something illegal? How can you gain favor by helping to support charities and socially responsible organizations in China? How can you best enable your staff to tackle the global challenges of running a multinational business? What are the latest retail sector laws in China?

ChinaRetailNews.com provides news and information devoted to helping retail professionals in all sectors act on new trends and forge new paths of their own. We troll press releases, commentaries, and indices to bring you the sort of information you need to conduct business in Beijing, Shanghai, Guangzhou or out in China's hinterlands.

In April 2007, ChinaFranchiser.com merged with ChinaRetailNews.com to provide even more targeted daily news covering all of China's different retail and franchise sectors. ChinaRetailNews.com is an online publication of BDL Media Ltd, a company operating in China for nearly a decade.

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