Dallas, TX -- (SBWIRE) -- 05/22/2010 -- ReportsandReports Announce it Will Carry China Retail Report Q3 2010 Market Research Report in its Store.

Browse the complete Report on: http://www.reportsandreports.com/market-reports/china-retail-report-q3-2010/

Report Description:
The Q310 BMI China Retail Report forecasts that the country’s total retail sales will increase by 74% in local currency terms by the end of the forecast period, growing from CNY14.02trn (US$2.09trn) in 2010 to a projected CNY24.40trn (US$4.21trn) in 2014. Retail sales broke CNY10trn (US$1.6trn) for the first time in 2008, according to data from the Ministry of Commerce (MOFCOM).

Strong underlying economic trends, population growth and the increasing wealth of individuals are key factors behind retail market expansion. Regulatory reform following China’s accession to the WTO in December 2001 has allowed foreign retailers to make significant inroads into the market, contributing to forecast average annual retail sales growth of 14.3% in local currency terms.

China’s nominal GDP is forecast to be US$5.40trn in 2010. Average annual GDP growth of 8.1% is predicted by BMI through to 2014. With the population estimated to increase from 1.37bn in 2010 to 1.41bn by 2014, GDP per capita is forecast to grow by 85.6% to reach US$6,493. Our forecast for consumer spending per capita is for an increase from US$1,498 in 2010 to US$2,528 in 2014. The growth in the overall retail market will be driven in large part by a growing urban population with high disposable incomes and an interest in aspirational purchasing. According to socioeconomic forecasters Global Demographics, more than 30% of all urban households in China had an annual income above CNY40,000 (US$5,848) in 2007. The National Bureau of Statistics (NBS) estimates that urban retail sales accounted for nearly 68% of total retail sales in 2009, which was down slightly on 2008. Retail sectors that are likely to achieve substantial growth over the forecast period include over the counter (OTC) pharmaceuticals, with forecast sales of US$13.95bn in 2010 predicted to rise by 48.5% by 2014 to US$20.72bn. Automotives sales, worth a forecast US$167.68bn in 2010, are predicted to grow 61.8% by 2014, reaching US$271.28bn. Sales of consumer electronic products are predicted to increase by 38.6%, from a forecast US$145.76bn in 2010 to US$202.02bn in 2014.

A sizeable multinational retail presence following the lifting of foreign direct investment (FDI) restrictions in 2001 has ensured the early adoption of modern retail best practices in China. Organised retail - ie: Western-style chain outlets, department stores, supermarkets, etc - already account for an estimated 22.5% of the total retail market, far higher than the 7% in India.

Chinese retailers have been expanding into secondary and tertiary towns and cities. By June 2009, GOME Electrical Appliances Holding, China’s leading retailer of household appliances and consumer electronic products, had 298 outlets in 178 second-tier cities, accounting for more than a third of its total number of stores and generating 28.08% of its total sales, up by 2.88 percentage points (pp) from 2008. Partnerships between local players and multinationals are allowing for rapid development of the retail market. In November 2007, Beijing Hualian Group signed a joint venture agreement with British company Costa Coffee to open 300 Costa stores in Beijing, Tianjin, Hebei, Northeast China and other regions in the next few years.

Retail sales for the BMI universe of Asian countries in 2010 are forecast at US$2.66trn. China and India are predicted to account for almost 91% of regional retail sales in 2010, and by 2014 their share of the regional market is expected to be more than 92%. Growth in regional retail sales for 2010-2014 is forecast by BMI at 72.2%, an annual average 14%. India should experience the most rapid rate of growth, followed by China. China’s forecast 2010 market share of 77.0% is expected to rise to 77.9% by 2014.

Table of Contents:
Executive Summary
Table: Asia Pacific Retail Business Environment Ratings
Table: Key Retail Indicators, 2007-2014
Table: Retail Sales Breakdown By Key Segment, 2010f
Table: China Economic Activity, 2007-2014
Table: Asia Pacific Retail Sales, 2007-2014 (US$bn)
Table: Asia Pacific Food Consumption, 2007-2014 (US$$bn)
Table: Asia Pacific Macroeconomic Outlook, 2007-2014
Table: China MGR Indicators, 2006-2014
Table: Grocery Retail Sales By Format, 2008 & 2018
Table: Consumer Electronics Overview, 2007-2014 (US$mn)
Table: China Autos Production & Sales, 2007-2014
Table: China Autos Exports & Imports, 2007-2014
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Manufacturing Wages, 2005-2012

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http://www.reportsandreports.com/market-reports/malaysia-retail-report-q3-2010/

Philippines Retail Report Q3 2010
http://www.reportsandreports.com/market-reports/philippines-retail-report-q3-2010/

BMI India Retail Report Q3 2010
http://www.reportsandreports.com/market-reports/bmi-india-retail-report-q3-2010/

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