China's Retail Industry Annual Growth Level Will Reach 14% From 2007 To 2010.

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c72836) has announced the addition of "China Retail Industry Report (Company Analysis), 2007" to their offering.

China government has launched a series of policies to promote the rapid, healthy and orderly development of the retail industry in China since 1992. Currently, the retail industry has developed rapidly, its scale has expanded continuously, the layout of all the ownerships has formed, the enterprise modernization level has improved, the large-scale retail enterprises has grown fast, and the pattern of opening-up has formed as well.

Presently, there are six retail formats in China, shopping centre, department store, supermarket, convenience store, specialty store and non-store selling. The retail industry has become the field with the highest marketization level after over two decades' reform. Currently, there are a large number of the retail enterprises and more than 15 million of the retail networks, so the circulating network covering the urban and rural areas is formed. There were 55, 000 large-scale chain retail stores all over China in 2004, up 18% compared to 2003; the operation area increased 26.5%, and the retail turnover rose 30.2%, accounting for 9.6% in the total retail turnover of the consumption. The sales of retail enterprises in Beijing, Shanghai, Tianjin, Chongqing, Shenzhen etc all exceeded 20% in the total retail turnover.

The research of the overall retail industry in 2005 in China by National Bureau of Statistics, the chain retail in China had been in a rapid expansion and development period, and the growth pace of shops in the second and third-level cities was 2-3 times of the first-level cities. In addition, the entry amount of the foreign-funded retail enterprises grew fast, and 1, 027 foreign-funded enterprises were approved to establish by Ministry of Commerce only in 2005.

Chinese government continued to push the deep and refined management of the Market Project of Thousands of Villages and Townships, Two Hundred Markets Project etc in 2006, launched a series of document to standardize the market competition order in order to deepen and standardize the retail market competition and retail supply; continued to deepen Urban Business Network Management Statutes around China, Evaluation Methods on Retail Industry etc. So from the above, it can be concluded that Chinese government has attached great importance to the retail industry.

Since the area in China is so wide that the retail formats of the retail industry are with the development levels and trends in different regions. In the new development period of the retail industry, the retail industry in China was faced with various opportunities and challenges. According to the forecast, the annual growth level will reach 14% from 2007 to 2010, and the market capacity will amount to RMB 8.6 trillion in 2007, and it will reach 12.81 trillion in 2010.

Overall, Chinese government has attached great importance to the retail industry, and various opportunities and challenges, such as the foreign investment, will bring the self perfect of the enterprises, so the retail industry in China has the wider development room.

Contents:

1 Status Quo and Development of China Retail Industry

2. Key Domestic Retail Enterprises in China

3 Foreign-funded Enterprises

4 Regional Development of Retail Industry in China

5 Industry Analysis

Selected Charts

For more information visit http://www.researchandmarkets.com/reports/c72836