eFuture's Cash Cow Keeps Getting Fatter

eFuture’s (EFUT) baby cash cow continues to grow fatter, and the pasture it feeds on (China’s retail sales) is getting greener and greener.  The latest results on China’s retail sales again showed impressive growth.  Many people realize that as the global economy slows, China’s export market will also have to slow down.  However, what is important to understand and often times over looked is the fact that China’s domestic retail sales is still in its infancy.  The second quarter retail sales have just come out and again showed that despite a global slowdown in the economy China’s domestic retail sales are still growing….and at record pace!

China’s National Bureau of Statistics just came out with June’s retail sales growth, and it was a 10 year high!  China's retail sales increased to 864.2 billion yuan (126.7 billion U.S. dollars) in June; a growth rate