Japanese retail company Muji has announced that Muji's sales in China have accounted for 8.7% of the company's overall sales, making China the most important overseas market for the company.

The British retail giant Tesco has announced plans to invest GBP2 billion in China over the next five years to expand the number of stores it operates in China.

Chinese home appliances retailer Suning Appliance and South Korean electronics maker Samsung have signed a new sales plan with a total value of CNY10 billion, in Nanjing the capital of Jiangsu province.

French jewelry retailer Van Cleef & Arpels has announced that the company plans to make China one of its major markets and it will double the number of its retail stores in China in 2010.

According to reports in Reuters, the U.S. fast-food chain Subway plans to expand the number of its restaurants in China and aims to exceed the total number of McDonald's outlets in China in ten years.

Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world's top ten food companies, through acquisition and by expanding its business in China.