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Lotus Pharmaceuticals, Inc. Message Board

  • sirola1 sirola1 Feb 14, 2011 11:21 AM Flag

    China's lunar holiday retail sales surge 19%....................

    Great article. RETAIL SALES in CHINA ARE SOARING!!!!!!!!!!!

    Year of the Wabbit will be NIV's year to Shine

    Thu Feb 10, 5:27 am ET
    SHANGHAI (AFP) – China's retail sales for the Lunar New Year holiday surged 19 percent year-on-year in one of the biggest rises in a decade, signalling a surge in domestic consumption, according to state media.

    Shops and restaurants across the country rang up 404.5 billion yuan ($61.3 billion) in sales, up nearly a fifth from the Chinese New Year period in 2010, the commerce ministry said in a statement.

    "Despite the high inflation rate in 2010, the increase is still remarkable," Lu Zheng-wei, chief economist at the Industrial Bank was quoted as telling the China Daily.

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