Retail sales growth in coming years
(Xinhua)
Updated: 2006-09-27 19:35
BEIJING -- Ernst & Young, a leading global professional services firms,
forecasts that China's retail sales will maintain fast growth in the coming
years.
The sector will grow on average 14 percent between 2007 and 2010, Ernst &
Young forecast in a report published on Tuesday, based on the country's booming
economic development.
In 2007, China's retail sales will hit 8.6 trillion yuan (about US$1.1
trillion), and the figure will climb to 12.81 trillion yuan in 2010, said the
report.
It also predicted that the country's retail sales will hit 7.6 trillion yuan
this year, with an annual growth rate of 12-13 percent.
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