As of the end of June, Jiangsu had accumulatively approved 245 foreign-invested retailing enterprises with accumulative foreign capital in position of USD710m, thus the wholesale and retail industry becoming the third biggest utilizing foreign capital field among Jiangsu 13 service fields, second to the property industry and transportation, warehousing and mail business.

Retail formats of Jiangsu foreign-invested retailing are mainly supermarkets and department stores.

In the first half of this year, foreign capital in position of foreign-invested department stores and supermarkets made up 92.6% of the total foreign capital in position of the retailing.

At present, a large batch of global-famous retailing groups including Wal-Mart, Carrefour and Tesco Plc all invest and set up their own independent corporate enterprises in Jiangsu while Metro Group established its branch here.

Moreover, there is also a batch of well-known foreign-invested retailing enterprises nationwide with Jiangsu as their headquarters established in Jiangsu, such as Suguo, Times Supermarket and GoldEagle.