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Retail sales up
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RETAIL sales boomed in China last year, according to a report issued by China General Chamber of Commerce (CGCC) on Wednesday.
In the report, CGCC for the first time announced China's top 100 retailers for 2000, whose gross sales volume surpassed 164.68 billion yuan (US$19.76 billion), up 22.8 per cent over the previous year. The total volume of retail sales was 137.03 billion yuan, an increase of 25.5 per cent compared with that of 1999.
The overall sales of the top 10 retailers account for about 34 per cent of the total sales volume of the top 100. The first-ranked retailer, Lianhua Supermarket Ltd Company, recorded a sales volume of over 10 billion yuan.
“Most of these big retailers are located in Eastern China or big cities. Shanghai and Beijing have 29 retailers among the 100 best," according to a CGCC official.
In recent years, supermarkets and warehouse outlets have developed rapidly, taking up 25 per cent of the 100 top retailers. They contributed quite a lot to helping revitalize China's retail sector.(Xinhua)
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