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Competition in domestic retail market heats up
www.chinanews.cn 2005-02-17 16:13:15
According to the agreement allowing for China's entry into the WTO, trade
was fully opened to the outside beginning last Dec.11. Many foreign
retailers including Wal-Mart, Carrefour, Metron, Baianju, Jusco, Yichu
Lotus, and Haoyodo that have already entered the Chinese domestic market
on a considerable scale prepare to expand investment and open new shops
in China, extending into large and medium cities. The result has been
fierce competition in the domestic retail market this year. A foreign
retailer is pictured promoting his wares during the opening of a new a
shop.
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