Like me, often travel between China and other countries, the foreigners will find many well-known brand in China’s retail price is high, as of now 6.78 yuan to the dollar’s exchange rate, China’s retail prices of goods services almost similar to the United States.
China’s retail price is very high? For comparison, I chose Wal-Mart near the office in Shenzhen as a reference object. Taking into account the real income gap between the two countries, we can make a reasonable assumption: China Wal-Mart retail price should be lower than the prices in the United States. In fact, this assumption is often wrong. The following is a list of some of Wal-Mart supermarket in commodity prices internationally renowned brands, many of which are P & G products.
Wal-Mart supermarket in Shenzhen commodity prices had a rough idea, I just have the opportunity to travel to New York, also walked around the way some of the local shopping malls, compared what China and the U.S. retail price of goods.