Browse the web faster with Firefox
AddThis Social Bookmark Button
12
Oct
2009
Record holiday sales E-mail
News - Xi'an News
Written by ND
Chinas retail industry achieved a record turnover of 83 milliard dollars during national holidays this October. The chinese board of trade announced on last friday, 9. October 2008, that the retail industry sold consumer goods amounting to 570 milliard RMB's (approx. 83 milliard U.S. Dollars)  during the national holidays. This is an increase of 18% compared to same period in 2008.

Especially home appliances were a hit during those 8 days of national festivities: HD-Flatscreen TV's, digital cameras, refrigerators and 3G-mobile phones were the favorites of consumers. KAIYUAN Mall in Xi'an achieved an increase in sales of 34,7% compared to 2008 in the home appliances sector.

Jewelry and cars were sold like warm bread as well. In the CAISHIKOU department store in Beijing for instance, jewelry was sold amounting to 100 million Yuan, 30% more than last year. In Chongqing, car sellers achieved 71,7% more sales than 2008.

The sales boom comes not from nowhere. Chinas economic stimulus package which was approved in June (China said it would spend an estimated $586 billion over the next two years), has the goal to stimulate domestic demand by subsidising consumers, as announced by the board of trade in Beijing.

Consumers can for instance sell their old home appliances to recycling companies and receive a certificate card in exchange. With that card, consumers can get a discount of 10% for any new home appliance they buy in any department store.

Meanwhile extensive commercials and Ads in every large city surely played an important role for the sales boom during national holidays in China as well.

Chinas economic stimulus package

China just announced a huge economic stimulus package aimed at bolstering its weakening economy and perhaps helping fight the effects of a global economic slowdown.  Remarkable move in a time when major projects are being put off around the world, Beijing said it would spend an estimated 4 triliion RMB ($586 billion) by 2010 on a wide area of national infrastructure and social welfare projects, including constructing new railways, subways, airports and rebuilding communities devastated by an earthquake in southwest  in May 2008 and surely stimulate its domestic consumer market. The package s a calculated risk where a hard landing on the ground with wide spread consequences could be possible. Will it work?
Our valuable Editor ND has been with us since Monday, 15 June 2009.

Show Other Articles Of This Author

Do you have a story to share? Do you want to be a ND Author? Send your own story, write about family, friends, life in Xi'an, business, real estate, education, travel, entertainment, write a review, suggest a column and more! In any language! Please include at least one picture about your story if possible, your name, email address, blog-/web-address, so we can give you credit. Go ahead, click here: Submit your Story now and we will publish it and list you as a ND contributor! Alternatively you can send us your story to: xianstories@newdynasty.com.cn

Add comment


More Articles in this Category

Latest Articles in Xi'an News

NEW DYNASTY TV - Xi'an Reports, Interviews and Movies

ND TV - Premier Web TV Reports, Interviews, Movies about Expats and Locals in Xi'an/China! This is UNIQUE in Xi'an!

ND proudly presents: Xi'an Models Volume 1

Xi'an Models

Advertisement

RECOMMENDED LINKS  
MANGO - Women's Collection
HaoHao - China Stories		 Silk Road International (SRI)

Watch Great Movies Online - Right here on ND - For Free!

Watch Great Movies Online - Right here on ND - For Free!

New Dynasty Comics


We want you! - 加入我们!

We're currently looking for some down to earth people who can spare a little time each week to write about anything related to Xi'an and China, who are eager to share stories, news, insight info and be a part of the most sophisticated and fastest growing Digital Magazine in Xi'an. Whether you're young or old, we'd like to hear from you. Click for more info.

Editorials

Xi'an goes digital
To all readers, subscribers, friends: Welcome to Xi'ans most sophisticated, multilingual digital magazine. We are excited to offer you from today on, 15. June 2009, a new and superior kind of publication in Xi'an and a refreshing new concept. Of course, as with any technology-related... Click here to read the full story!

Skype ND!

Skype ND!

Featured Website

¡XABOO! is a brand new interactive Community Platform for Locals and Expatriates in Xi'an (China).¡XABOO! is an interactive Community Platform for Locals and Expatriates in Xi'an. Click here & register now!

Editor Team

We have a team that works on the articles presented on ND. Please contact us if  you are interested in helping us out with the creation of articles or researching information in Xi'an. Contact:  info@newdynasty.com.cn

Post translation

ND has readers from all over the world and in several languages. If you translate one of our articles please let us know so we can add a link at the original article! Your site and name will be posted as well. Thanks!

Restaurants

article thumbnail Tuscany Restaurant

We are a family owned restaurant and take pride in everything we do. From the fine ingredients we use to the wines we carry, you...

ND Digital Magazine Xi'an - Subscribe now!

ND Digital Magazine Sample Cover
*Sample Image

Hotels

article thumbnail Grand Noble Xi'an

The hotel has 428 well-appointed guestrooms and suites, a full range of dining, recreational and conference facilities. ...

ND on your Mobile Phone Browser - Coming soon

ND Mobile v1.0 is online! Browse ND's eMag with your mobile device by typing the address m.newdynasty.com.cn in the browser of your device or be auto-redirected to our mobile site by typing newdynasty.com.cn. You can read our articles, watch ND TV and more even better in the future with your iphone, android etc. Stay tuned. Click here for more Info or here if you want to report a bug.