China remains one of the most dynamic retail markets in the world, a study by global consultancy A.T.Kearney showed.

The A.T.Kearney Global Retail Development Index ranks the top 30 developing countries for retail investment, based on relevant macroeconomic and retail specific variables, the study said. International retailers still rely on developing markets to fuel growth, even as they become more strategic in their expansion, A.T. Kearney said in the report Global Retail Expansion at a Crossroads.

The consultancy firm has published the index for 15 years. Here are this year's top 10 retail markets.

10. Azerbaijan

An oil refinery is seen in Azerbaijan's capital Baku, June 11, 2015. [Photo/VCG]