In 2015, there has been a lot of discussion around the untapped potential of China as a retail environment. Earlier this year, China overtook the United States as the world's largest economy, and has a population that's four times bigger (1.357 billion vs. 316 milion). The Economist Intelligence Unit expects China's retail market to grow to $8 trillion by 2022, double what the U.S. market is forecasted to reach over the same period.
With this in mind, many of the West's largest retailers have been testing China's retail waters. However, many have tried and failed to leverage the disposable Chinese Renminbi. The following infographic looks at the key barriers to entry into the Chinese marketplace, as well as three of the biggest opportunities for UK retailers.
By Ralf Ohlhausen, Chief Strategy Officer at PPRO Group.
PrivSec Conferences will bring together leading speakers and experts from privacy and security to deliver compelling content via solo presentations, panel discussions, debates, roundtables and workshops.
For more information on upcoming events, visit the website.
comments powered by Disqus