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China Retail Market Growth Prospects by Tanvi Kapoor is a document available to read on EtoBox.
What is China Retail Market Growth Prospects about?
China has extensive room for growth in the retail sector as personal consumption as a percentage of GDP is only 35% compared to over 50% in developed countries. Rapid urbanization and increasing disposable income are driving higher retail sales in China. A growing middle class population and improving social security will boost consumption of non-necessities. Moderate inflation benefits retail sales growth and government policies aim to increase domestic consumption. The retail industry has seen over 10% an
- Author
- Tanvi Kapoor
- Language
- EN