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RetailPress Release

Chinese retail giant Suning to invest EUR 5 billion in 2020 retail strategy

Nanjing, China - Chinese commercial giant Suning Holdings Group has revealed its strategy for 2020, with the firm’s founder and Chairman Zhang Jindong announcing that in its 30th anniversary year the business will create more than 10,000 new stores and 8,000 new jobs, while investing at least 40 billion RMB (approx. EUR 5 billion) in new...

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Suning launches concept store for imported European goods in China, Jiwu

In the past, western economies viewed China primarily as a country of production. The fashion industry, in particular, has exported the majority of its manufacturing to China,because of its relaxed environmental and social standards, and low wages. Over the years however, China has evolved from Asia’s poorhouse into one of the most prosperous...

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