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Delhi, New Delhi, India, 2006/09/11 - Chinese retail market, mainly centered in big eastern cities, is projected to grow above 10% annually to reach $1.3 trillion by the year 2010..
In January 2006, trade surplus in China increased by 47.2 percent making it to $9.52Bn and retail spending in the country rose by 6.7% in 2005 to $755Bn. This comes with the government's attempt to improve domestic spending in a bid to balance the continuing over dependence of economy on exports.
Domestic retailers, wholesalers and caterers are anticipated to comprise 9.3 percent of GDP by the year 2010, compared to 7.9 percent in 2002. Following WTO commitments, foreign retail firms shall also increase their involvement with China.
RNCOS has recently published a market research report "China Retail Sector Analysis (2006-2007)".
According to the report by RNCOS, "Increasing continuously, total retail sale in China achieved $78Bn by May 2006, a year-on-year increase of 14.3 percent. The accumulated retail sale of consumer goods from January to May amounted to $383Bn, a year-on-year increase of 13.3 percent".
Key questions answered in this report are:
• What is the Future prospect of the retail industry in China?
• Who are the key competitors in the China Retail Industry?
• What are the opportunities exist for the organized retailers in China?
• What will be the major driving forces for the industry?
• What are the major regional retail markets?
Target audience of the report is
Consultants, Analysts, Businesses and Investors who're closely monitoring the latest developments in this sector.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.