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Commerce Dept ranks retail units

22
Jan '07
Commerce Department of China is conducting survey on domestic markets to rank them.

Last year, Commerce Department ranked retail units of nine different cities. According to 'grade rules of bazaars', 223 bazaars were up to standards, including 35 golden censer bazaars (best quality bazaars), 14 find bazaars (better quality bazaars), 21 brand bazaars (good quaily bazaars).

This has improved standards of the retail units and competition among them has increased.

Earlier, no such rules and standards were in existence, leading to various problems in domestic markets.

Fibre2fashion.com News Desk-China


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