The internationalization of the retail sector continues and China remains a key target for cross-border retailers. Many Chinese cities saw an increase in new market entrants in 2013 with Beijing sixth in the global ranking of new entrants, Shanghai landed in ninth place, while Hangzhou had the largest increase due to new shopping centers, according to CBRE’s How Global is the Business of Retail report. Tier 2 Chinese cities provide some of the biggest opportunities.
(Source: Red Luxury)