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To: J.S. who wrote (30705)	3/10/1998 4:23:00 PM
From: BillyG	Respond to of 50808

Chinese consumer market is $300B USD. Growth rate of 10.2% per year after inflation over last five years. nikkeibp.asiabiztech.com China's Consumer Market Reaches US$300B March 10, 1998 (BEIJING) -- The Chinese consumer market enjoyed stable growth for the last five years, with the sales reaching RMB2,480 trillion (US$298.8 billion) in 1997, according to a report by the State Statistics Bureau. With inflation taken into consideration, the Chinese consumer market grew at an annual rate of 10.2 percent. The report said that the 1993-1997 period was characterized by a buyers' market, with a survey showing that only 10 types of commodities out of 613 had a shortage of supply in the second half of 1997. The report said that the appearance of a buyers' market promotes the structural readjustment of the national economy as well as reform in production and distribution companies. (Xinhua News Agency)