Retail in China
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CHINA, 2014/05/28
China’s slowing economy, a crackdown on corruption, and the rise of online shopping are increasingly eating into earnings for some of the country’s traditional retailers – hitting sales at bricks and mortar stores such as shoe shops and supermarkets.
Footwear chain Belle International and supermarket operator China Resources Enterprise both blamed a drop-off in economic increase as they reported sluggish earnings this week.
“With the economy continuing its structural rebalancing and slower increase becoming the new normal, consumer confidence has been low and consumer sentiment weak,” Belle said in a statement to the Hong Kong stock exchange.
The company, which has additional than 20,000 outlets across China, is a key distributor for western sports brands such as Nike, Adidas and Puma. Revenues at its footwear business grew 5 % in the 14 months through February, which the company said was “significantly lower than prior years”.
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CHINA, 2013/10/23
China\'s four major cities saw record rise in new home prices in September, stoking fears of a housing bubble. Prices in Beijing, Shanghai, Shenzhen and Guangzhou saw their biggest jump since the government changed its calculation method in January 2011.
Property remains a popular investment choice in China and prices have instantly risen for nine months in a row.
Analysts say Beijing has so far held back on imposing fresh curbs due to concerns over slowing economic increase.
However, data released last week showed that China\'s increase rate picked up in the July-to-September period - the initial rise in three quarters.
