China most attractive retailing investment market

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SHANGHAI, July 14 (CEIS): An investigation of the world's famous consultancy company AT Kearney shows that China has become one of the most attractive rising retailing investment market in the world.
In 2007, China was only secondary to India and Russia in the global retailing development index.
The investigation shows that India and Russia has ranked first and second in terms of the global retailing development index for three years running in 2007, while China has surpassed Vietnam and Ukraine to become the third.
The modern business mode of retailing grew 13 per cent in China in 2007.
Intensified competition has forced Chinese and foreign retailers to march into second- and third-grade cities to expand business. Some foreign retailers including Walmart have opened stores in such small inland cities as Yuxi, Weifang, Nanchang, and Wuhu.