BEIJING -- Beijing now has more international brand stores than any other city in the world, according to an in-depth survey on Beijing's retail market released by CB Richard Ellis Limited, the world's largest commercial real estate services firm.
The report showed that Beijing is one of the most mature retail markets in China with more than 7 million square meters of stock.
Chen Hongfei, director of Global Research (China) at CB Richard Ellis Limited, said Beijing's retail market has experienced a peak in supply for the last seven years. However, a change of distribution model made supply more equal.
"The primary trading area accounts for 32.5 percent of the market share, but it will occupy more than a 50 percent share in the future."
4th World Internet Conference concludes
Starbucks Reserve Roastery set to open in Shanghai
Smile to get discounts in Tmall's unmanned supermart
Top 10 richest Chinese women in 2017
World leading internet sci-tech achievements released in Wuzhen
Top tech CEOs take to the stage as Wuzhen Summit opens
Major topics at 4th World Internet Conference
'Made in China' dinosaurs amuse the world