According to Xinhua News Agency, New York, December 4th (Reporter Liu Yanan) Many global analysis agencies have recently stated that due to a deeper understanding of the local market and a better familiarity with e-commerce, the competitiveness of local brands in the Chinese market has continued to increase and they have begun to surpass some global giants.
Bloomberg recently cited data from the World Brand Lab to report that in the past four years, the value of China's top 500 brands has doubled to around US$3.8 trillion.
According to reports, from baby food to bottled water to cosmetics, Chinese local brands are rapidly emerging.