| Large retailers are a new company, Hurun sparkling | | | | General Office on carrying out special operations to |
| standings. Chinese home appliance chain of the first | | | | combat commercial fraud notice." May 18, the Ministry |
| four power the United States, Suning, Yongle, | | | | of Commerce and other 11 ministries and |
| Dazhong the head of all 上榜. Gome Huang | | | | commissions jointly issued "on the issuance of |
| Guangyu, Chairman reelection this year's richest man, | | | | <against commerce fraud work of the special |
| and his property over the past year added 35 billion. | | | | action program> notification." |
| | | | | 6 9, the State Council issued "The State Council on |
| This group in just 35 | | | | Promoting the Development of Circulation opinion," |
| Rapid climb during one of the mystery cloud of | | | | clearly to "guide and regulate retail sales and purchase |
| wealth, but they are the unspoken rules of the skillful | | | | transactions, acts, according to the law against |
| use of retail. Overall national strength, outstanding | | | | commercial fraud, rectification regulate circulation of |
| supplier of funds and irregularities in promotions for | | | | order. " |
| the consumer, the price rise next fall dark | | | | Is based on this, September 21, Commerce, |
| manipulations are two major magic weapon. | | | | Development and Reform Commission, the Ministry |
| But accumulated wealth means they will face | | | | of Public Security, Taxation, Business Administration 5 |
| enormous challenges. News from the Ministry of | | | | departments jointly issued the "Regulation does not |
| Commerce, by the end of October to appear | | | | regulate retail sales practices enterprises working to |
| "Retailers and suppliers purchase transaction | | | | implement specific actions programs "notification. |
| management approach" and "retail sales behavior | | | | Then, by the Ministry of Commerce, Ministry of Public |
| management approach" would eliminate the gray | | | | Security, State Administration of Taxation, Business |
| areas in China's retail industry. | | | | Administration 4 departments jointly issued the |
| This means that the supplier has been troubled | | | | "Regulation malicious tie up commercial retail |
| retailer owed money, charging slotting allowance and | | | | enterprises, loan fraud fraudulent providers work to |
| range of promotions to the cost of entering the field | | | | implement the special action program" of the notice. |
| of legal norms, the interests of consumers will also be | | | | "Retailers and suppliers have the contradiction |
| further protected. | | | | between the evolution from simple commercial |
| 11 department to rectify | | | | disputes to social problems." Another Distinguished |
| "" Retailers and suppliers purchase transaction | | | | experts involved in the drafting of the Ministry of |
| management approach "introduced the fuse is | | | | Commerce said Mr Wong. |
| PriceSmart incident." Involved in the drafting of the | | | | Supplier payment against arrears |
| approach of the Chinese people, said Eddie Wong, | | | | "Retailers and suppliers of the skewed relationship |
| Professor of Business, University. | | | | must be balanced." Secretary-General of the China |
| PriceSmart is a chain in the country has 48 | | | | Chain Store & Franchise Association, said Pei |
| supermarket retailers in May last year, as long-term | | | | Liang. The Association recently released the "2005 |
| supplier of loans in arrears more than 100 vendors | | | | China Retail companies and FMCG companies |
| rushed into PriceSmart stores in Changsha, grab the | | | | Collaborative Research Business" report: this year, |
| goods . Subsequently, the wave of looting goods | | | | suppliers to retailers only 37.8% satisfaction has |
| quickly spread across the country. Less than 10 | | | | declined for 3 consecutive years. |
| months, PriceSmart announced the closure of more | | | | In addition, the report shows, which retail supplier of |
| than 20 billion total debt, fled abroad, Chairman Liu 51. | | | | funds owed the issue of concern about the high |
| PriceSmart event, which marks a sharp contradiction | | | | "98.9%"? And this figure corresponds to that over |
| between an ordinary commercial threat to social | | | | the past six months in arrears suppliers as retailers |
| stability and transformation into a serious problem, | | | | bring money many conflicts. |
| and intensify long-term presence within the retail | | | | 2004 年 10 months, the supermarket in Guangzhou |
| retailer and supplier of contradictions. | | | | Friendship Co., Ltd. home debt more than 2 million |
| Eddie Wong said: "This incident is the business brains | | | | raised thousands of supplier debt collection group last |
| behind the blind expansion of overheating, | | | | closed door. This year in May, a home appliance chain |
| misappropriation of funds provider, the last supply of | | | | enterprises in Shandong due to factory default and |
| strand breaks, the boss can only escape have | | | | save money by bank protest against the bill and |
| escaped, if long-term supplier of funds owed, will | | | | other reasons, and received more quickly by home |
| affect their survival, but also affect the stability of | | | | appliance brand manufacturers. Two months later, |
| the economic field. " | | | | Taiyuan, Shanxi Tian Sen supermarket emergency |
| Including PriceSmart, including the past year and a half | | | | suspension of business, results of Datong and so are |
| the country has closed down more than 150 major | | | | more than 120 suppliers at one time under house |
| supermarket chains, which lead to the central | | | | arrest for a supermarket president and general |
| government's full attention. | | | | manager, after mediation by the parties to the |
| 3 30, the State Council issued "The State Council | | | | conflict mitigation. |