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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.