The Future of Retailing in China to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 18:20:01
The China retail market has been growing at a CAGR of 13.22% from 2007-12 and is expected to grow at a CAGR of 13.51% from 2012-17.
The Chinese retail sector continues to be a highly fragmented market with organized retail accounting for only 20% of the total retail market. Most multi-national retail chains are limited to wealthier coastal cities whereas many rural areas remain un-touched by these retailers.
General retailers was the largest channel group with the convenience stores (including independents) and gas stations recording the highest sales among the various channels under the general retailers channel group during review period. Hypermarkets, supermarkets and hard-discounters channel recorded the second highest sales.
According to a report published by China Population and Development Research Centre, the urban population in China accounted for approximately 51% of the total population. This is further set to rise to 60% by 2020.
As per the National Bureau of Statistics, the per capita disposable income of the urban Chinese consumer increased by 9.6% in 2012 over 2011.
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