Design of Institutional Arrangements for Competition and Development in China's Retail Industry: A New Perspective After Joining the WTO

Author: Hu Zuguang, Wu Zhengrong, et al.
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Features: China's retail industry has achieved significant accomplishments in its journey toward modernization. However, the process of modernizing the retail industry has not stalled and should not. A comprehensive review of the development of China's retail industry over the past two decades, an objective analysis of the driving and hindering factors in the industry, a thorough assessment of the positive and negative impacts of foreign retail enterprises on China's retail industry development, the of successful experiences from other developing countries in introducing foreign investment to develop retail industries, and the design of institutional frameworks to protect fair competition in the retail industry for both present and future contexts hold great practical significance for further advancing China's retail industry. These tasks constitute the primary objectives of this book. It is a specialized study focused on how to promote fair competition and further development of China's retail industry in the context of joining the WTO. The book discusses the role of the retail industry in the national economy, analyzes the mechanisms of retail internationalization, reviews the process of opening up the retail industry to foreign investment, evaluates the controversies surrounding the opening of the retail industry, examines the institutional frameworks of retail industry opening in other countries, provides a detailed analysis of the competitive landscapes and underlying reasons for various retail formats, assesses the market performance of the retail industry after opening up, predicts trends in the development of the retail industry, and proposes institutional designs to further promote the growth of the retail industry in the post-WTO era.