Deep Dive 19 minutes PremiumA Guide to Entering China for Foreign Brands and Retailers, Part 1: Using the “Bonded + Retail Store” Model to Establish a Physical Presence in the Chinese Market Coresight Research September 24, 2018 Executive SummaryThis is the first report in our series A Guide to Entering China for Foreign Brands and Retailers. Here, we focus on a new way for foreign companies to enter China, the “Bonded + Retail Store” model. China’s population reached 1.4 billion in 2017, when consumer spending in the country totaled ¥31.8 trillion ($4.6 trillion). The scale of the Chinese market makes it highly attractive to international brands and retailers. The cross-border e-commerce space has become increasingly crowded in China, making it hard for foreign brands and retailers to differentiate themselves and gain share. The Bonded + Retail Store model enables foreign brands and retailers to use supply chain technology to ship products to authorized retail stores in China under the supervision of China’s General Administration of Customs. The products are bonded throughout the process, but they are cleared by Chinese customs authorities only after consumers have purchased them. Click here to view more reports about China Market Entry. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Store Openings and Closures 2023 Review and 2024 Outlook: US and UK Store Tracker Extra—InfographicRetail Around the World: Coresight Research Observations, February 2023Analyst Corner—Keep Up with Retail Dynamics: The Fast Luxury Model with Sunny ZhengEarnings Insights 3Q23, Week 1: Deckers, Skechers, L’Oréal and Procter & Gamble Report Solid Results; Amazon Sees Further Improvement in Online Sales