The report "Forecast for the retail and consumer products in Asia 2011", which studies the trends in consumption in China, Japan, Korea and the rest of Asia, was published by Price Waterhouse Coopers (PwC ) in collaboration with the Economist Intelligence Unit.
The retail sector will continue to grow. Retail sales in China should increase by about 14% and stay with a 2-digit growth until at least 2014.
PwC predicts that retail giants like Carrefour and Wal-Mart will increase their investments. Rising living standards will change consumer demand.
The report states that retail sales in Asia is expected to reach 5.4 trillion dollars this year, doubling the 2.5 for Europe and well above the 3.83 trillion in North America. In 2014, sales in Asia will be $ 8.57 billion, 4, 53 in North America and 2.74 in Europe.
Related News
Photos
More>>
trade
- China may become a garlic importer instead of exporter
- Mastronardi Produce once again named One of Canada's 50 Best Managed Companies
- Colombia and China discuss US$7.6B Pacific-Atlantic railway line
- China: Zhangpu Yicai vegetable season comes to an end
- T18 Group introduced new tricolour packaging at Fruit Logistica 2011
market
- Tozer's Wildfir rocket variety helps Bakkavor achieve first to market launch
- Ukraine: Wholesale space offerd at the "Stolychny" wholesale market in Kyiv
- China: FRESHARE for Dalian Yidu Group
- China NGO connect: project preparation meeting in Paris
- International Symposium Chinese Women Organizing: Looking Back, looking forward