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China to pass US in retail sales this year: forecast

Chinese consumers should outspend their American counterparts in 2019, with retail sales in the Asian giant continuing to grow in the coming years, according to an industry forecast published Wednesday. Retail sales in China are expected to hit 5.64 trillion USD, an increase of 7.5 percent over 2018, while Americans are likely to spend 5.53...

23 Jan 2019