The scale of China retail industry is at the second place around the world
According to the news issued on the website of Ministry of Commerce of the People's Republic of China on July 4th, a press conference themed "Retail and distribution Promoting Economic Development" would be held on that day. Yao Jian, spokesman of Ministry of Commerce of the People's Republic of China introduced that in five years the total retail consumption amount in China has increased at an average annual growth rate of 16.3%. The retail scale almost doubles from 2008 to 2012, and now the retail scale of China is at the second place around the world. At the same time, retail workers increased to 60,000,000 from 45,000,000 in 2008. The retail industry occupies 9.7% of the whole GDP in 2012. Yao said that in five years, China has expanded the domestic demand and changed the economic policies. Service industry and retail industry have been developing quickly. The markets at both urban and rural area are prosperous. The prosperous markets have a big effect on leading the production, promoting the consumption and creating new jobs. Retail industry has become an important force to push the society forward.
The retail scale enlarges and retail contribution increases. For five years, the retail industry has increasing at an average growth rate of 16.3%. Now the retail scale in China is very big. The retail types are rich too. In recent years, the retail types are multiple. The combination of different business types is very quick. Along with the transformation of the traditional department store, many big one-stop shopping centers emerge. Specialty stores, chain stores develop quickly. The traditional business combined with the modern business satisfies the multiple consumption demands. With the development of information technology and the application of computers, the operation and management of shopping centers have been raised to a very high level. In five years, the online shopping scale has increased from 13,000,000 Yuan to 131,000,000 Yuan, almost ten times than before. The retail organization has been promoted greatly. According to the statistics of China Chain Store & Franchise Association, the retail scale of Top100 chain stores in China has increased to 1.9 trillion Yuan. At the end of 2004, the transition period of WTO is over. The retail industry was opened for foreign companies. More and more foreign capitals are attracted to the retail industry. Yao introduced that the "Twelve-five Plan" pointed out clearly that the service industry should be pushed forward.
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