China's retail market will be the largest in the world in 2019

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According to a study by eMarketer, China's retail market in 2019 will overtake the American market in size and become the largest in the world. Experts predict that retail sales in the Chinese market will increase this year by 7.5%, to $ 5.636 trillion. A similar figure in the United States will increase by only 3.3% to $ 5.529 trillion. At the same time, in both countries these figures are beginning to show a slowdown.

Today, China occupies a leading position among all countries in terms of online sales. In 2019, e-commerce is expected to grow to $ 1.989 trillion, with the result that China will account for 55.8% of global retail online sales.

The material has been provided by InstaForex Company - www.instaforex.com