Though SIPI may sell its crown jewel, its share price still rises. The upward trend of SIPI’s shares is due to its sales with Brilliance Group on Feb 6.

After hitting the peak point of 14.15 yuan last Friday, SIPI shares ended with 13.21 yuan a share.

Approved by the shareholders of SIPI, the 1.06 billion yuan’s sale between its subsidiary and Brillance will be helpful for its core pharmaceutical business. It is said that SIPI’s subsidiary has owned 21.17% stake in Hong Kong-listed Lianhua. Read more…

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As consumers are paying more for basic necessities and are more willing to spend in the face of rising inflation, China’s retail sales increased 22 percent in April from a year earlier. According to the National Bureau of Statistics (NBS), sales of foodstuff and beverage climbed 25.3 percent while spending on grain and edible oil surged by 36.3 percent.

After some research, Song Yu and Liang Hong, Goldman Sachs’ economists said, “With inflation at a decade high level, it is not surprising to see nominal retail sales reaching Read more…

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