Taiwan’s projected economic growth rate for 2011 has been lowered to 4.51 percent from 4.56 percent estimated in October, the Directorate General of Budget, Accounting and Statistics (DGBAS) sai…
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New models needed in China
Brand owners may benefit from expanding their portfolios and encouraging shoppers to trade up in China, as the country’s consumer market begins to mature in many areas.
Writing in the Harvard Bu…
Beijing retail sales up 11.2pc in first 10 months
Beijing consumer market remained stable and retail sales reached CNY560.89 billion (USD88.08 million) with a same-period growth of 11.2 percent from January to October, 0.3 percentage point …
Stats: Latest HK’s weekly National FootFall Index down from previous week, Experian FootFall
Experian FootFall has released the latest National FootFall Index (week 46, 14 November 2011) detailing the footfall patterns of consumers in Hong Kong over the past six weeks in comparison …
Six out of 10 mainland Chinese middle class by 2025
Six out of 10 mainlanders will be middle class with annual income of USD20,000 by 2025, and the resulting consumer demand will make China the world’s largest economy, a JP Morgan executive says.…
Macau 3Q retail sales soar
The value of retail sales in Macau for the third quarter of 2011 reached MOP10.59 billion (USD1.32b), up by 38 percent year-on-year, information from the Statistics and Census Service of Macau shows.
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Macau’s Oct CPI up 6.71pc
Macau‘s Composite Consumer Price Index for October increased by 6.71 percent year-on-year, the Statistics and Census Service announced.
The increment was attributable to rising charges for meals…
China’s robust spenders
China’s thrifty consumers have not been major contributors to its remarkable growth story. With almost half of household wealth tied up in property, will falling home prices make China consume e…
Taiwan Oct export orders rise only 4.38pc year-on-year
Taiwan’s export orders stood at USD37.21 billion in October, a rise of only 4.38 percent from the same period last year, reported the Ministry of Economic Affairs on Monday. On a month-on-month …
Visitors to Macau spending more
The total spending (excluding gaming expenses) of visitors reached MOP12.1 billion (USD1.5 billion) in the third quarter of 2011, up by 25 percent from a year earlier, Macau’s Statistics and Cen…