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The Q411 BMI China Retail Report projections that the country’s total retail revenues will increase by 73% in local currency terms by the end of the projection period, growing from an expected CNY17.47trn (US Dollar 2.56trn) in 2011 to a projected CNY30.21trn (US Dollar 4.42trn) by 2015. Retail revenues in China doubled between 2003 and 2008, when they broke through the CNY10trn (US Dollar 1.6trn) barrier for the first time. Strong underlying e...More »
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