Chinese retail sector to grow fast in 2nd half
3/9/2003 17:45
The Chinese retail industry is expected to grow by 6.8 percent in the
second half of the year, topping the list in annual growth rate in the Asia
Pacific region, according to the MasterCard International
Incorporated.
Chinese consumers are generally optimistic about the quality of
their lives in the near future despite a small decline in their confidence index
towards employment prospect and the domestic stock markets, according to the
MasterCard International.
The sales volumes of the Chinese retail industry
are predicted to reach 1.9 trillion yuan (US$200 billion) in the coming six
months.
Wendy Zhang/ Shanghai Daily news
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