According to reports in local media, 70 retail enterprises and 200 suppliers recently gathered in Beijing and signed the "Proposal for Fair Cooperation and Promotion of Retailers and Suppliers".

According to a sales representative from the French retail giant Carrefour, the company will sell more than 120 kinds of products at a price as low as CNY1 per item in its South China outlets.

The fast food chain McDonald's has recently announced plans to launch a one-year promotion by cutting the prices of 40% of its products in China.

The Beijing-headquartered supermarket chain Wumart has announced plans to cancel entrance fees for promotion personnel sent by its suppliers to the stores of Wumart from 2009.