China Retail Report - Business Monitor International - Industry Reports

China Retail Report

China Retail Report - Business Monitor International - Industry Reports
China Retail Report
Published Oct 08, 2016
81 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The large absolute number of middle-class Chinese will continue to create an increasingly large market for non-essential, and luxury, goods and services. Average net household income is forecast at USD-,--- in ----, and is set to rise to USD--,--- by the end of ----, and by that year some --.- of households will earn a net annual income of USD--,--- or more a year, up significantly from --.- in ----. ...The large absolute number of middle-class Chinese will continue to create an increasingly large market for non-essential, and luxury, goods and services. Average net household income is forecast at USD-,--- in ----, and is set to rise to USD--,--- by the end of ----, and by that year some --.- of households will earn a net annual income of USD--,--- or more a year, up significantly from --.- in ----. Malaysia-based mall and department store operator Parkson Retail Group opened its latest Parkson shopping centre, the Lion Mall, in Qingdao, Shandong, in April ----. ...In mid-----, Walmart opened its first shopping centre in China. The Mall, in Zhuhai, Guangdong, has been built and will be managed by Walmart, and will also be home to a range of other stores and restaurants.

...We forecast that total household retail spending will rise from USD-,---bn to USD-,---bn by ----, with growth of only -.- in ---- giving way to more rapid growth, averaging -.- a year, over the rest of our forecast period to ----. A significant amount of spending will continue to go on essentials, with --.- of total household retail spending going on food and non-alcoholic drinks, --.- going on transport and -.- going on housing and utilities in ----. ...We forecast that total household retail spending will rise from USD-,---bn to USD-,---bn by ----, with growth of only -.- in ---- giving way to more rapid growth, averaging -.- a year, over the rest of our forecast period to ----. A significant amount of spending will continue to go on essentials, with --.- of total household retail spending going on food and non-alcoholic drinks, --.- going on transport and -.- going on housing and utilities in ----. A significant chunk of spending, --.- , will go on clothing and footwear, while we see growth in that segment over our forecast period, in terms of its share of total spending, as well as in other non-essential categories, including alcoholic drinks and tobacco, and personal, insurance and other. ...A significant amount of spending will continue to go on essentials, with --.- of total household retail spending going on food and non-alcoholic drinks, --.- going on transport and -.- going on housing and utilities in ----. A significant chunk of spending, --.- , will go on clothing and footwear, while we see growth in that segment over our forecast period, in terms of its share of total spending, as well as in other non-essential categories, including alcoholic drinks and tobacco, and personal, insurance and other.

...According to China s statistics agency, retail sales grew by --.- y-o-y in June ----, up from --.- growth in May. For the first six months of ---- retail sales had risen --.- y-o-y, while online sales of physical goods grew --.- y-o-y. ...

  
Source:
Document ID
2040-9087
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "China Retail Report" Oct 08, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Retail-Report-2026-1363>
  
APA:
Business Monitor International - Industry Reports. (2016). China Retail Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Retail-Report-2026-1363>
  
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