Study: China to surpass U.S. in total retail sales
This year, China’s total retail sales will grow 7.5% to reach $5.636 trillion. For comparison, U.S. retail sales will grow 3.3% to reach $5.529 trillion.
China is poised to become the world’s top retail market in 2019, surpassing the United States by more than $100 billion, according to a retail and e-commerce forecast presented by eMarketer, New York.
This year, China’s total retail sales will grow 7.5% to reach $5.636 trillion. For comparison, U.S. retail sales will grow 3.3% to reach $5.529 trillion. Growth rates are slowing for both countries, but China’s growth rate will exceed that of the United States through 2022.