70% of China's products to be in oversupply
According to the latest survey report released by the Ministry of Commerce,in the second half of this year, among 600 categories of major consumer goods in China,172 categories will be basically in balance, accounting for 28.7 percent,while 428 categories will be in excess supply,making up 71.3 percent,and no product will be short of supply.
As a whole,in 2005 China's total retail sales of consumer goods is likely to rise nearly 13 percent but supply and demand of most consumer goods for daily life will slightly fluctuate. Market supply,demand and price of some items will change evidently due to many factors.
Source: www.China Daily
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