Major foreign retailers are nearly dominating the retail market in big cities across China and are spreading their networks to second-tier and third-tier cities.

To date, about 70 percent of the world top 50 retailers have a China presence, including the U.S. Wal-Mart, French Carrefour and Ouchan, and British TESCO.

China Industry and Economic News quoted a Mckinsey & Co. analysis report, which said in the next 35 years, 60 percent of China's retail market will be controlled by 35 multinational retailing groups, while major domestic retailers will control 30 percent. The remainder of the market share will be held in the hands of local and regional retailers.