Tag Archives: Brazil

Report: China Overtakes U.S. as the World’s Top Grocery Market

China overtook the United States last year as the world’s top food and grocery retail market with its sector valued at 607 billion pounds (US$964.5 billion), according to a report released yesterday by IGD. It is also estimated in the report that China’s grocery sector will continue to grow over the next few years at an average annual rate of 10.9 percent from 2011 to 2015 when it is expected to hit 918 billion pounds (US$1.46 trillion).

Photo: Andy Wong/AP

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Sinopec to Acquire 30% Stake in Galp Energia’s Brazil Unit

China’s state-owned oil giant Sinopec Group announced Friday that it will buy a 30 percent stake in the Brazilian unit of Portuguese oil company Galp Energia for US$3.54 billion in China’s biggest push into the overseas energy market in 2011. Continue reading

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China, India See Drop in Retail Development Index

China and India both fell out of the top three markets for retail development this year in A.T. Kearney’s 2011 Global Retail Development Index. The annual study outlines investment opportunities for global retailers in emerging markets by ranking the top 30 countries for retail development based on four equally-weighted criteria: country and business risk; market attractiveness; market saturation; and time pressure. Continue reading

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