China food retail sector set to boom in 2005
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03/11/2004 - The de-regulation of the China retail market is set to provide significant opportunities for international food retailers next year as restrictions that have limited foreign players to joint ventures in the major conurbations are lifted.
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BEIJING, June 6 -- China has released food and drug safety goals for the next five years, promising stronger surveillance and export controls that officials say will help improve China's international image and relations.
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The number of Internet users in China is up 53 percent from 2006--and it is poised to become the world's top Internet market.
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The world&#39;s biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new stores in China next year, joining other foreign retail giants in taking advantage of new rules letting them move into smaller cities.
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Ford Motor Co.  said on Friday  that its first-half Chinese retail sales had risen 101.8  percent from a year earlier to 74,395 vehicles, as it rolled  out new models.
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China's economic growth reaches its highest level in 13 years, with growth of 11.4% in 2007.
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China's economy is set to grow at a faster-than-expected rate of 10.4% this year, the Asian Development Bank says.
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WUHAN, China  - In this inland port city of over 8   million, sprawled out on the banks of the Yangtze river,   China's grand hopes of a consumer boom are palpable.
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Amid the bustling shopping malls and electronics outlets of the southern Chinese boomtown of Shenzhen is a crowded food market believed by locals to sell the freshest produce in town.
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Surging food prices boosted China's annual consumer price inflation in May to a 27-month high, extending a rising trend and reinforcing expectations that interest rates will rise further.
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Pepsico Inc. PEP.N posted a 26  percent jump in sales in China, its third-largest market  worldwide, to $1 billion in 2004 and aims to sustain  double-digit growth in 2005, a senior executive said on  Tuesday.
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China&#39;s consumer electronics market will grow by almost 90 percent to $94 billion by 2007 as manufacturers shift to high-end digital products and away from more basic items like toys and watches, an industry publication forecasts.
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China saw a moderate rise in consumer inflation in August to 1.3%, with a notable rise in services.
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As learned from the Ministry of Commerce China will honor all of its commitments on key sectors from and after 2005. China will reduce its tariff to 10.1 percent on average in 2005 in line with its promise to the World Trade Organization.
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International expansion is becoming increasingly important to retailers as they face fierce competition at home, a report says.
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Chinese inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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China will push its banks to  forge deeper into overseas markets for acquisitions and a  global profile, a top bank regulator said on Sunday.