B2B drives market demand, with B2B spending representing 64.7% of total demand in 2020. Suning.com Co Ltd is the largest company in China, generating 0.8% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 1.7% of total turnover in 2020. The total number of companies decreases in 2020, to 15,668,434 units. The costs of the industry increase by 1.4% in 2020, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 19.2% of turnover in 2020, the 16th highest in the region. With turnover of USD475 billion, China accounts for 34.7% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Retail in China: ISIC 52. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Retail in China: ISIC 52 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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