China's largest supermarket group, Lianhua Supermarket Holdings, announced that it will invest US$700 million on 700 new outlets nationwide this year. The announcement followed a statement by the Ministry of Commerce that promised further opening of the mainland retail sector to foreign investment in on December 11 of this year. Lianhua is the supermarket subsidiary of Shanghai Beilian Group, China's top retailer in terms of sales volume.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved