Influence of Opening of Retail Industry to Outside on China's Economic Development
Bin Jian-chen
Abstract
Bin Jian-chen
Abstract
Since 2004 China's retail industry has been open to foreign-funded enterprises. It is good to increase competitiveness of China's retail enterprises and develop China's service industry. On the other hand, China's retail enterprises will face severe challenges after foreign retail enterprises enter China's market. We should create a fair market environment and strengthen competitive edges of domestic enterprises for their survival and development.
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Since 2004 China's retail industry has been open to foreign-funded enterprises. It is good to increase competitiveness of China's retail enterprises and develop China's service industry. On the other hand, China's retail enterprises will face severe challenges after foreign retail enterprises enter China's market. We should create a fair market environment and strengthen competitive edges of domestic enterprises for their survival and development.
Key concepts: China, Business, Retail industry, Face (sociological concept), Commerce, Service (business), Marketing, Geography