Chinese Retail Market Poised for 20 percent Growth

Released on: November 15, 2007, 11:49 pm

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: China has become a lucrative market for global retail players
on account of its strong economy, rising personal disposable income and high
consumer confidence. RNCOS expects the market to grow strongly in future.

Press Release Body: The leading market research company RNCOS has recently launched
a comprehensive report \"Opportunities in Retail Sector - China (2007-2011)” on
the retail industry of China. According to the report, the Chinese retail industry
has increased at a CAGR of 12.38% during the last six years.

The fourth largest economy of the world, China, is also the third largest country in
terms of retail industry. As the country is developing day and night, its retail
industry is also anticipated to increase at a CAGR of 20% during the period

The report has notified the growth-filliping factors for the Chinese retail market,
including the growing population, WTO accession, rising personal disposable income,
high consumer confidence and an increasing GDP.

Strong economy, deregulation of retail sector, rising purchasing power of a growing
middle class and a high degree of China’s consumerism are further increasing
the domestic consumption making China a lucrative market for the global retail

During the forecasted period (2007 to 2011), top five fastest growing categories
would be cosmetics and toiletries, apparel, furniture, washing machines and
computers. Although during the forecasted period, the clothing expenditure will
retain its surge, the focus on the fashion apparel will be more, with an increasing
expenditure on the toiletries and cosmetics. The growth of telecommunications will
be driven by rapid increase in the number of Internet users and the growing
availability of broadband services which will also boost the sales of personal

The RNCOS study evaluates different market segments and retail formats existing in
the Chinese retail industry, besides studying the consumer behavior in China. The
Chinese retail format is governed by the hypermarkets and is anticipated that the
sales would increase by 1% by the year 2008 as compared to 2005. Also, the
increasing affluence of the urban areas will lead to the emergence of a different
segment of large sophisticated consumers, says the report.

\"Opportunities in Retail Sector - China (2007-2011)” provides a comprehensive
and updated overview and rational analysis on the Chinese retail industry while
identifying the key opportunities and challenges vital for the success of the China
retail industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit:
Current Industry News:

Web Site:

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...