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Article: CHINA'S RETAIL SECTOR SEEN TO GROW 14% ANNUALLY FROM 2007-2010.
- Article from:
- AsiaPulse News
- Article date:
- September 27, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Sept 27 Asia Pulse - China's retail sector is expected to register growth of 12 per cent to 13 per cent in 2006 with market capacity reaching 7.7 trillion yuan (US$974 billion), predicted a research report released by Ernst & Young Huaming.
China's retail sector is expected to grow 14 per cent annually from 2007 to 2010, according to the report.
It quoted the World Bank as saying that China has become the world's fourth largest economy after the United States, Japan and Germany. Accompanying China's ...