A shopper walks past a boutique outlet under construction covered by its advertisement board at a shopping mall in Beijing. Chinese retail spending is being tipped to overtake the US this year. Photo: AP

China tipped to overtake US as world’s largest retail market this year

New York-based eMarketer says annual mainland spending forecast to grow 13.3pc to US$4.886 trillion, to edge past the United States’ US$4.823 trillion

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A shopper walks past a boutique outlet under construction covered by its advertisement board at a shopping mall in Beijing. Chinese retail spending is being tipped to overtake the US this year. Photo: AP
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