China’s about to overtake the US as the world’s biggest retail market
Hong Kong (CNN Business)China’s economy may be slowing down, but the country is still set to eclipse the United States as the world’s top retail market for the first time.
Retail sales in China will reach more than $5.6 trillion this year, about $100 billion more than in the United States, according to a report published Wednesday by research firm eMarketer.
The Chinese population’s growing wealth and the rapid development of e-commerce have driven the country’s epic retail boom.
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