Research and Markets (http://www.researchandmarkets.com/research/d599e1/the_forecast_and_a) has announced the addition of the "The Forecast and Analysis of China Retail Industry of 2008" report to their offering.
The absolute retail sales of China consumer goods was over 1 trillion yuan in 2007; the contribution of consumption to GDP growth have surpassed the investment contributes to GDP growth for the first time in seven years. In 2007, the GDP growth was 11.4 per cent, consumption growth ratio was 4.4 Per cent, higher than investment growth ratio 0.1 per cent; this is a significant point that Chinas economic growth has transformed from investment into consumption. In 2006, Chinas per capita GDP was over 2,000 U.S. dollars.
In 2007, China's total retail sales of consumer goods was 8.921 trillion Yuan, an increase of 16.8 per cent over the previous year. Retail sales experienced a year-on-year rise of 17.2 per cent in urban areas and a 15.8 per cent rise in rural areas. These figures show that the gap between urban and rural retail sales has narrowed.
Wholesale sales have increased by 16.7 per cent in 2007, whereas the accommodation and catering sector also experienced a growth of 19.4 per cent.
Wholesale and retail goods comprise such items as petroleum products, automobiles, construction and decoration materials, furniture, home appliances and audio-video equipment, clothing, footwear, textile, cosmetics, and sports entertainment supplies.
According to China Commerce association’s data that the total profits of the leading 497 retail companies has increased sharply, particularly supermarkets, department stores. The wholesale and retail business prospect index and trader confidence index also has risen continually, in March of 2008, the two figure reached 153.2 and 147.2 respectively, in a high level.
China has become the worlds third largest luxury consumption country. In 2006, China’s consumption of luxury goods have reached 8.6 billion U.S. dollars, an increase of more than 30 per cent, is the highest rising market in the world, it is about 12% of the global sales of the top brands. In the next 10 years, China’s sales of luxury goods market is expected to reach 26 billion U.S. dollars, accounting for 29% of the global market.
The CPI has hit a high record in January and February of 2008, which were 7.1 percent and 8.7 percent growth year-on-year; meanwhile, the growth ratio of the total retail sales of social consumer goods was 21.2 per cent and 20.2 per cent growth year-on-year, and wholesale and retail trade was 21.2% and 20% increase year-on-year. In 2008, in terms of the growth of per capital income, consumption demand policy and Beijing Olympics, which will stimulate domestic consumption, therefore, consumption will be the main contributor for the economic growth in 2008.
Since the beginning of 2008, mergers have become a highlight for the China retail industry to promote the industrial competitions. In terms of the lower level of concentration of retail industry, mergers and acquisitions will continue to integrate, and in such mergers, the leading companies will play an important role.
CONTENTS: 1. The state of China’s retail industry 1.1 Analysis of retail industry performance of 2007 1.2 The development of retail industry of 2007 1.2.1 The growth of the total retail sales in 2007 1.2.2 The growth of per capital income in 2007 1.2.3 The increasing of consumption prices 1.2.4 The contribution of consumption to the GDP 1.2.5 The decreasing of export will affect the export-firms 1.3 Analysis of retail industry in the first quarter of 2008
2. Analysis of Chinas luxury market 2.1 Analysis of luxury market 2.2 Catalogue of luxury goods 2.3 The prospects of luxury market
3. The impact of retail industry 3.1 Inflation 3.2 Consumption become a key element of economic growth 3.3 The upgrade of consumption drives the sales of high-end products 3.4 The impact of policy
4. The change of Retail business model 4.1 The model of chain 4.2 The change of business structure
5. Mergers 5.1 The mergers of leading retail companies 5.2 The foreign investment
6. The forecast and analysis of retail industry of 2008 6.1 Government policies 6.2. The development of listed companies 6.3. The expansion and finance 6.4 Profits benefit from moderate inflation 6.5 The upgrade of consumption 6.6 Non-food consumption will be increased rapidly 6.7 The increasing awareness of well-know brand 6.8 The change of profit model 6.9 The growth of retail industry
**FIGURES ALSO INCLUDED**
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