Franchising In China

Infofranchise.co.uk:

Franchising in China has been developing since 1990s, and it has been growing up very fast from the year 2000. According to the data of CCFA, there are more than 2000 franchisors, which makes China the country which has the highest number of franchisors in the world.

Chinese franchising can trust on the CCFA, China Chain Store & Franchise Association, which was set up in 1997. It is the only national industrial organization of the country. It aims to promote franchising in China, ‘leading the industry, serving the members, requiting society, promoting ourselves’. The CCFA tries to provide more services for the franchising enterprise and members and create a good external environment for the development of the business enterprise.

According to the data of CCFA, by 2005, there are 2320 franchisors and 168,000 outlets in China, with a growth rate of 10.4% and 40% respectively. China is now the fastest and biggest market that attracts the most attention of the investors.

The top 10 industries that are really dynamic are convenience store, car repair & maintenance, house decoration, real estate, education & training, health & beauty, food & beverage, laundry, clothing and photography & Video.