Shanghai
Releases White Paper on Commerce
The Shanghai Chamber of Commerce has published
the city's first White Paper -- Shanghai's Retail Development
in 2003. The White Paper states that Shanghai's retail business
will follow 8 trends in the coming 3 to 5 years: department
stores will be further reshuffled; the food and grocery sector
will continue its modernization process; garment and accessories,
and office accoutrements will become new staple items; the market
will open further, drawing more retail companies into the city;
a few large retailers will dominate the majority of the market
share; shopping malls will put greater emphasis on renovation
and optimization; managerial technology and breakthroughs in
supply chains will bring a new competitive edge; and the growth
of non-store retail, such as automat, e-commerce and mail commerce,
will accelerate.
