Chinese retail sales are set to dwarf U.S. sales this year
China is on track to leapfrog the U.S. this year and become the world's largest retail economy. Retail spending is rapidly increasing in China due to growth in the middle class, with e-commerce giants like Alibaba and JD.com leading the way. Even more interesting given the Amazon dynamic in the U.S. is that China will see over 30% of its retail business conducted online, as compared to a meager 11% in the United States.
Read more at Washington Post.
Firefly Marketing, LLC and SupplierLife.com is in no way associated with or endorsed by Walmart Stores, Incorporated or its affiliates. All references to Walmart Stores, Incorporated as well as its affiliates, trademarks and brands are used in strict accordance with the Fair Use Doctrine. Retail Link® is a registered trademark of Walmart Stores, Inc.