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Lex专栏:黄金周背后的黄金机会


manbetx3.0 令人炫目的零售额增长,使得乐天百货高价收购时代零售物有所值,即使支付26倍的预期市盈率也仍不失为划算的买卖。

Another policy lever at China's disposal: the mandatory shopping season. During October's Golden Week holiday – dreamed up a decade ago to boost consumption – retail sales were almost a fifth higher than this year's average weekly take, according to the Ministry of Commerce. Not that the Chinese consumer needed much encouragement. Year-on-year growth in nominal retail sales volumes seems to have troughed at 11.6 per cent in February. Most recent official data in August showed a 15.4 per cent rise, not far off the average 16 per cent rate of the past five years.

manbetx3.0 政府手中有一种政策工具:强制性的购物旺季。10年前,manbetx3.0 政府为了刺激消费,构想出了十一黄金周假期。商务部的数据显示,今年黄金周期间,全国零售额比平时的平均水平增长了近五分之一。这并不是说manbetx3.0 的消费者需要太多刺激。2月份时,manbetx3.0 名义零售总额的同比增幅似乎已跌至谷底,为11.6%。可是最近一次官方数据显示,到了8月份,名义零售总额同比增幅为15.4%,与过去5年16%的平均增幅相差无几。

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