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China, India and Indonesia will be one of the world's top ten retail consumptionmarket

  China News Agency, Shanghai, December 12 (Veliu ') According to the world's largest commercial real estate services and investment firm CBRE 12th report of the retail market in Asia-Pacific era predicted that China, India and Indonesia  will rank among the world's ten largest retailing market consumer demand in 2020.
    Formation reason for this result is that, with the region's strong economic growth and  the process of urbanization, the region is exploding with middle-class. It will drive booming retail market in the Asia-Pacific region.
    Reports show that by 2020, Asia-Pacific region will increase by three times the numberof middle-class, breakthrough 525 million people to more than 1.7 billion people.
    CBRE  China business services Senior Director Chu Xiangyun said: "as the region's middle class population has grown, their growing spending power consumption extends from daily necessities to cars, clothes, fashion accessories and electronic products and other extras. ”
    However, retailers will face the challenges of rising operating costs, rapid growth of e-commerce and the growing maturity of the consumer group.
In response, Chu Xiangyun  indicate that retailers in Asia Pacific will combine  location, retail facilities and a shopping center management maturity  three parties, to choose the quality shops in the future . "Especially in the retailer to explore new markets, they preference to choose strategic location, an experienced owner-managed shopping center. ”
    In addition, for the retailer types, CBRE expected 2015 Volkswagen brand will expand to the China India and other densely populated market, while luxury retailers will tend to pay attention to mature market in Japan, Singapore and Hongkong,light luxury brands will focus on including Japan and Korea, the mature market.

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