China to become the world’s largest retail market in 2016

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Total retail sales across the globe will reach $22.049 trillion in 2016 and $27 trillion in 2020 according to eMarketer. Total retail sales in China will reach 4.886 trillion this year, bypassing the U.S. to be the largest retail market in the world.

china-us-retail-ec-sales-share-2015-2020

China is also the largest retail e-commerce market this year with total sales of over US$899 billion, nearly half of the global’s total and 18.4% of total retail sales in China.

china-us-retail-sales-2015-2020

 

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