TribLIVE

| USWorld


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

Chinese retailers uncertain, gloomy

Daily Photo Galleries

By Reuters
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. Ban of flights to and from Israel feared to bolster Hamas
  2. Islamists gain foothold in few British schools
  3. 11 parents of abducted Nigerian girls die
  4. Rebels in Ukraine hand over bodies, black box
  5. Putin’s stance on Ukraine is bad for business, Russian billionaires say
  6. Credible probe sought in downing of Malaysian jet
  7. China’s role in Afghanistan called mainly commercial
  8. From nun to AIDS expert, Ukraine crash kills hundreds
  9. Chinese lunar rover not dead yet
  10. Israeli death toll climbs to 25 in Gaza ground offensive
  11. Cease-fire unravels as Hamas continues to fire rockets at Israel
Subscribe today! Click here for our subscription offers.