Date: February, 2005
Abstract: China’s retail sector is entering a new post-WTO-accession era following the abolition on December 11, 2004 of all restrictions on market access and capital admission to which foreign retailers were subject. Now, concerns that foreign retailers will defeat their local counterparts and go on to conquer the whole market are stronger than ever. These fears may not, however, be justified given the fact that foreign participation is actually ahead of schedule (Chenjun, 2003) and local retailers...
Research Type: F&A Review