China Plays An Increasingly Important Role In The World'S Retail Industry.

The American Retail Federation recently held a seminar on the status quo and future development of Retailing in New York. The world's retail giants and famous economists who have long been concerned about the development of the industry believe that China's role in the global retail industry is becoming increasingly important.

A number of retail giants in the United States said that the United States in 2010

Mark Zandi, chief analyst at Moodie analysis, said that although China's central bank is tightening measures such as raising bank reserve requirements and raising interest rates, despite the pressure of high inflation, China's economic growth may slow down, but the economic outlook is still very optimistic.

Moreover, he believes that China's savings rate is very high and its potential consumption power is huge.

Ira Kalish, head of global economic affairs of DDT research company and senior consultant of consumer industry, also holds the same view.

He said that China is shifting from export dependence to domestic consumption dependence. With the rising wage level and the government's measures to stimulate consumption, China's spending power will greatly increase and the proportion of consumption expenditure to GDP will increase, which is a good opportunity for retailers.

Matthew Rubel, chief executive of CollectiveBrandsInc, an American brand store operator, said China

Ian Cheshire, chief executive officer of Cui Feng Group from England, said the group attaches great importance to the business development in China. China is a huge potential consumer market, and also a product supplier. He is concerned about China's inflation rate.

Claudio Delbecchio, chief executive of Booker, an American clothing company, also said that the company achieved good results in China in 2010 and will closely follow the development of inflation in 2011, so as to respond promptly.

Kalish believes that inflation in China is largely driven by rising food prices.

He said that in the future, the proportion of food sales in China's retail industry will be reduced, and other related sales such as housing will continue to increase.

At the same time, he thinks China.

But he also said that China will face the aging problem of population structure in the future, which will affect the development of its consumer market to a certain extent.