ABSTRACT
This conclusion presents some closing thoughts on the concepts discussed in this book. Brick-and-mortar stores of consumer electronics and books are most vulnerable to competition from e-tailers. Most electronic gadgets and appliances are standard products and are securely packaged. They are suitable merchandise to be sold in virtual stores, as long as warranty service is guaranteed. After three decades of economic reform in China, a new retail economy has evolved accordingly. In general, the retail sector has been transformed from a simple and inefficient circulation system to a much more complex and highly competitive market-oriented economy. Retail liberalization began as early as the late 1970s by permitting entry of individual retailers into the distribution system. As the process of retail internationalization deepens in China, its regulatory system strives to balance the needs of securing national economic sovereignty. The Chinese government will not allow the state-controlled companies to become foreign acquisition targets.
