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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (740)	9/16/2003 12:12:12 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Business drives China retail boom China's factories are working overtime Retail sales in China leapt almost 10% in the 12 months to August, powered by demand for cars, phones and building materials. The 9.8% annual growth suggest a strong comeback from the damage done to spending in the first few months of the year, when the Sars virus swept across East Asia. In May the growth was just 4.3%, good by some countries' standards but poor in an economy growing at close to 8% a year. But the news is worrying some economists, who say the retail boom is being driven by an investment boom rather than by consumers' keenness to spend. news.bbc.co.uk