Ministry of Commerce affirmed the positive impact of foreign capital to China's retail industry

  YAO Jian, spokesman for the Ministry of Commerce, P.R.C on October 15 press conference, said that foreign investment led to the improvement of the domestic retail format, technological level, electronic applications, and the supply chain has also been further improved.

   According to the figures showed, introduced by YaoJian, as of August 2009, there were a total of 2400 foreign-invested retail enterprises in China, the actual use of foreign investment was 4.83 billion U.S. dollars, of which 91% was after 2004 that the post-WTO entry, the scale was 37 billion U.S. dollars. From the proportion of foreign investment in commercial circulation, the amount was accounting for about 5% of total number of enterprises, and the sales and assets were accounting for about 12% of the country.