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Foreign retail enterprises will speed up the layout of opening stores in the Chinese market this year, showing a large number of new brands, flagship stores and new business models, a spokesman for the Ministry of Commerce said Thursday. They will continue to create a more market-oriented, legal and international business environment for all kinds of market entities, including foreign enterprises, and help all kinds of retail enterprises to jointly expand China's retail business Market cake.
In addition to Wal Mart (WMT. N), a number of multinational retailers have increased their investment in China's retail business since this year, he said at a regular conference of the Ministry of Commerce. At present, China's consumption structure is constantly upgrading, and the residents' consumption shows the trend of personalization, diversification and customization. The retail industry is developing in the direction of paying more attention to difference, convenience and experience.
"China's retail market is open and growing rapidly." Gao Feng said.

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