My Account Menu

CAPA Login

Register to trial CAPA Membership!

China retail sales may outstrip US by 2016

7-Sep-2010 10:52 AM

China’s Political Consultative Conference stated China’s retail sales may outstrip those of the US by reaching CNY34 trillion (USD5 trillion) in 2016 (Bloomberg, 06-Sep-2010). Retail growth may then slow after 2016 to approximately 10%, with a total annual value exceeding CNY50 trillion by 2020.