China Passing the USA in Retail in 2019 But the USA Dominates in Services
In 2019 e-marketer.com forecasts that China will pass the US in total retail sales for the first time. China has more than half of the world’s retail e-commerce sales. Alibaba has more than half of China’s e-commerce market, but its share is falling. China’s total retail sales will grow 7.5% to reach $5.636 trillion. US …