December 30 – Turnover of China's deal-of-the-day websites grew 20% month on month to ¥1.45 billion in November, with Meituan.com, 55tuan.com and Lashou.com – the top three – each recording ¥200 million or more, according to a statistical report on the nation's group buy market.

December 30 – E-mart, South Korea's largest retailer, sold a store in Shanghai and another in Kunshan, near Shanghai, for a total of ¥9 million after the two locations reported losses for four consecutive years.

December 30 – Spending on household appliances in China's third and fourth tier cities is projected to reach ¥540 billion in 2011, according to a report by China Market Monitor Co.

December 30 – China's jewelry sales surged 69% year on year in the first 10 months of 2011 and the country is expected to be the world's number one jewelry market by 2020, according to the National Jewelry Management Center. Jewelry sales in the country were ¥250 billion in 2010.

December 29 – Tesco opened its 15th store in Zhejiang province. It is also the British retailer's 102nd store in China.

December 28 – Contribution of consumer spending to the growth in China's gross domestic product is expected to surge from last year's 32.7% to 47.9% this year, according to National Development and Reform Commission director Zhang Ping.

December 27 – As many as 185 million people are expected to travel during the week-long Chinese New Year holiday in 2012, generating ¥100 billion in revenues, up 21% and 22% from the same period a year earlier, according to the China Tourism Academy.

December 26 – C&A, a Belgian clothing retailer, said it plans to open 150 stores in China in the next four years. It has opened 36 in the country since 2007.

December 26 – H&M, a Swedish casual wear retailer, has opened 31 stores in China in the year through December 26, bringing the total number to 77. It plans to open more stores in smaller cities in 2012.

December 28 – China cut 27% of its quota for rare earth exports in 2012 after exporting 4,750 tons of the minerals in the first 11 months of 2011, using only 49% of the quota, the Ministry of Commerce said.

December 27 – 76 million tons of alumina and 200 million tons of iron ore deposits have been discovered in Chongqing this year, according to the State Administration of Geological Prospecting.

December 27 – China produced 290.75 tons of gold in the first 10 months of 2011, with the industry profiting ¥26.78 billion, up 5% and 39.4% respectively from the same period a year ago.

December 26 – China's output of the top 10 most used nonferrous metals was up 10.3% year on year to 31.23 million tons between January and November; the rate was 8.6 percentage points slower than a year earlier.

December 26 – China's crude steel output was up 9.8% year on year to 630.98 million tons between January and November; the rate was 0.3 percentage points slower than a year earlier.

December 26 – Natural rubber demand in China, the world's largest rubber consumer, may slow in 2012 and falling prices may extend the biggest annual decline in three years as economic growth and auto sales ease, Bloomberg reported, citing an executive at Okachi & Co, the largest broker of rubber contracts on the Tokyo Commodity Exchange. Lower Chinese demand may lead to a 33% decline in prices this year, the biggest drop since 2008, amid higher supply from producers including Thailand, and as the sovereign debt crisis in Europe deepens and growth in the US slows.

December 23 – China's consumption of refined oil grew 5% year on year to 222.15 million tons in the first 11 months of 2011, according to the National Development and Reform Commission.

December 23 – The price of electrolytic aluminum slid to ¥15,500/ton in China, below the average ¥16,500/ton needed to produce it, Aluminum Corp of China (NYSE: ACH, SHA: 601600, HKG: 2600) president Xiong Weiping said.

December 23 – China, the world's second biggest corn consumer, may import more corn if global prices fall 19% to about $5 a bushel, a level that is significantly below domestic prices, Bloomberg reported, citing Yigu Information Consulting Ltd. China's corn supply is sufficient after a record harvest and the government may import to boost stockpiles only if there is a "clear price advantage," said Feng Lichen, general manager of Yigu, China's largest corn information portal.

December 22 – China's refined copper imports were up 48% year on year to 343,926 tons in November and down 9.9% to 2.43 million tons between January and November, according to customs figures.

December 22 – China's copper concentrate imports were up 22% year on year to 672,644 tons in November and down 2.8% to 5.8 million tons between January and November, according to customs figures.

December 19 – The total annual value of e-commerce transactions in Shanghai is expected to reach ¥1.2 trillion by the end of 2015, including ¥100 billion generated through online shopping, according to the city's commerce commission. The amounts were ¥425.2 billion and ¥34 billion respectively in 2010.

December 16 – Watson's, a Hong Kong-based convenience store chain, opened its 1001st Chinese store, online, at Tmall.com, the nation's top B2C site.

December 16 – H&M, a Swedish casual wear retailer, will step up business in China's second and third tier cities, CEO Karl-Johan Persson said. It currently operates 64 stores in the country.

December 16 – Suguo, the largest supermarket chain in Jiangsu province, opened its 1200th directly-run store in Nanjing; bringing the total number of its stores, including franchises, to 2000.

December 15 – Mango, a Spanish clothing retailer, said it plans to open 800 stores in China in the years to come, bringing the total number in the country to 1,000.

December 15 – Over 1.56 million tablet computers were sold in China in Q3 2011, up 8.6% from Q2 2011, according to Analysys International.

December 13 – Six percent of Chinese netizens buy goods online everyday and 33% do so at least once a week, well above 1% and 5% on average respectively in Europe, according to a PricewaterhouseCoopers report.

December 13 – Average pork prices in China's 36 largest cities edged up 0.12% week on week to ¥16.71/kg in the week through December 7, 2011, ending a gaining streak of 12 weeks, according to the National Development and Reform Commission.

December 12 – Chinese consumers are expected to spend ¥10.73 billion buying luxury goods online this year, up 68.8% from last year's ¥6.36 billion, according to iResearch.

December 12 – Forever 21, a Los Angeles-based apparel retailer, plans to open three stores in Beijing, Shanghai and Hong Kong each next year.

December 12 – Watson's, a Hong Kong-based convenience store chain, opened its 1,000th store on the mainland and plans to increase the number to 3,000 by the end of 2016.

December 9 – China's auto sales declined 2.4% year on year to 1.65 million units in November, according to the China Association of Automobile Manufacturers.

December 9 – China's retail sales grew 17.3% year on year to ¥1.61 trillion in November, taking the total amount for the first 11 months to ¥16.35 trillion, which was up 17% from the same period a year ago, according to the National Bureau of Statistics.

December 8 – Smartphones account for 24.1% of all cellphones used in China, according to the Ministry of Industry and Information Technology. China had 110 million 3G service users as of the end of October, the ministry added.

December 9 – China's consumer price index scaled back to 4.2% in November, the slowest pace in 14 months, making the case for looser monetary policies, according to the National Bureau of Statistics. Food prices were up 8.8% last month. The producer price index rose 2.7% year on year and dropped 0.7% month on month in November.

$1 = ¥6.32

 

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