TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Chinese retailers uncertain, gloomy

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By Reuters

Published: Sunday, Sept. 1, 2013, 8:39 p.m.

If things are really starting to look up for China's economy, as a recent spate of better-than-expected government numbers seems to suggest, nobody appears to have told its biggest retailers.

A Reuters review of first-half earnings showed that more than 20 Chinese companies selling everything from footwear to food were not convinced the economic slowdown had bottomed out, and neither were their traditionally thrifty customers.

“The reality behind the numbers is gloomier,” said leading footwear retailer Belle International Holdings Ltd as a raft of data, supported by government statements, indicated the world's second largest economy may be stabilizing after two years of slumping growth.

Economists have long doubted the accuracy of official economic data, and this skepticism has increased as China plots a course toward consumption-led growth.

 

 
 


Show commenting policy

Most-Read World

  1. U.S. to release $450M for Iran
  2. Chaos prevailed on bridge as South Korean ferry listed, crewman says
  3. Afghan officials say detainment of Taliban commander thwarts peace process
  4. Seabed data analyzed; oil discounted
  5. Expert witness for Pistorius blistered again
  6. Putin’s national address to Russians raises fears of possible incursion into southeastern Ukraine
  7. Taliban drop ceasefire, put Pakistani peace talks in doubt
  8. Detection of Malaysian jet signal in ocean up to 5
  9. Australia PM confident sounds from black box
  10. Murder case against 9-month-old boy dropped
  11. Missing plane’s black box batteries feared to have died
Subscribe today! Click here for our subscription offers.