China retail sales

China to be world’s biggest consumer market by 2016

With sales expected to reach $4.2 trillion, China will overtake the US in 2016, according to PricewaterhouseCoopers.
<div style="text-align: left;"> Shopping is already a favourite pastime in China’s larger cities (Imaginechina)</div>
<div style="text-align: left;"> Shopping is already a favourite pastime in China’s larger cities (Imaginechina)</div>
December 19, 2012

China will surpass the US as the world’s biggest retail market by 2016 thanks to the country’s growing economy and rising household income, according to PricewaterhouseCoopers (PwC).

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