Chinese Retail Firms to become $1 3 Trillion Business by 2010

Released on = September 11, 2006, 5:36 am

Press Release Author = RNCOS

Industry = Retail

Press Release Summary = 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.

Press Release Body = 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.

About RNCOS:

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.

To purchase your copy: http://www.rncos.com/Report/IM059.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com

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