Reflections on Chinas retail industry.doc

 PAGE \* MERGEFORMAT 12 Reflections on China’s retail industry McKinsey said, “Over the next 3 years to 5 years, 60% of China’s retail market will be three to five world-class retail giants control” situation. Transnational retail groups in China, the difficulties of their own development, local business growth also has its own advantages, the situation is really so? Wal-Mart China has opened more than a dozen stores, pre-entered the Beijing market, while China’s department store retailers such as Shanghai hundred, Hualian, farming, Beijing Xidan Market Group, Shenzhen Vanguard also in competition and learning to grow up quickly. China’s retail industry has just opened at this stage was not as good as the original foreign competitors seem so terrible to imagine, however, is still in the protection of, the real battle has not started. Property rights system - the pain of the Chinese retailing obscure After the founding of China’s commercial development has gone through three phases, the first phase from 1949 to 1957 the business establishment phase, the second phase from 1958 to 1978 of the planned economy period, the third stage of reform in 1979 opening day. and the third stage is the biggest change occurred in the field of commercial circulation period, the business began as a sensitive sector in the economy play an important role in circulation, which is a major leap forward. Then, when the store opened more more more simple level of competition into the commercial capital of the competition, which is currently difficult for commercial enterprises over the “Dragon.” In 2001, the domestic media and economists have talked about the issue of commercial capital, commercial capital is even called back to the “aristocracy of the temple.” In fact, the commercial capital in the country has always been awkward, the scarcity of state, and the operation of commercial capital there are also many obstacles. China enters the WTO, commercial enterprises, the deg