True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: RealMuLan who wrote (2416)	11/15/2007 1:46:03 PM
From: RealMuLan	Read Replies (1) of 12464

[Vey smart use of "Collective bargaining"!<g>]--"Shoppers are banding together at wholesale meat trading centers in Shanghai to take advantage of a 20% price discount relative to retail prices. Group shopping by retail buyers has also been reported taking place in wholesale vegetable markets. In the western city of Chongqing, similar “collective bargaining” is taking place in furniture marts as local consumers try to counter a retail price hike of about 15% in three months. Some citizens in Guangzhou, in southern China, said they are abandoning grocery shopping at many of the country’s newly introduced indoor supermarkets, preferring instead to visit outdoor makeshift markets, where prices are generally lower." forbes.com

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