From Xinhuanet (link) The total purchase volume of world famous retailers such as Carrefour, Wal-Mart and Metro in China exceeded 200 billion yuan (25 billion U.S. dollars) last year, the Beijing Daily reported on Monday. German trading group Metro, the third largest trader and retailer in the world, plans to purchase goods worth 300 million […]
Read MoreFrom CNNMoney.com: Wal-Mart may rule the retail roost at home, but establishing that same kind of dominance in China won’t be easy. Several European supermarket operators as well as a handful of Chinese supermarket chains are all expanding there at a fast clip, jostling for early dominance in this fast-growing market. Some industry watchers say […]
Read MoreFrom Asia Times: Visitors to Changsha, the provincial capital of Hunan province, see a burgeoning city in the making, with a fast-rising population of 6.5 million. The streets are jammed with traffic – including countless cars – and hundreds of high-rises shine at night. There are tens of thousands of shops, cafes and restaurants lining […]
Read MoreFrom Bloomberg, via the International Herald Tribune: Wal-Mart plans to open 14 superstores in China this year in an effort to catch up with Carrefour and domestic chains. China’s retail market is estimated at $652 billion. In December, China made it possible for foreign retailers to open stores without a local partner. The decision met […]
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