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UK high street fashion retailer Topshop will open its first store in China early next year. China is the worlds fastest growing economy with retail sales expected to grow around 15% in the current year.

Topshop have signed a contract to lease space in the Shanghai Superbrand Mall, where H&M and Zara already have a presence.

Topshop is also in negotiations with a view to opening stores in Beijing and Hong Kong.

C&A, who opened their first Chinese store in Shanghai this April has revealed that they are opening in Beijing next year.

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