China Will Top US as #1 Retail <br />Market This Year, Study Says 2019 Chinese retail sales are <br />expected to reach $5.6 trillion, <br />compared to $5.5 trillion in the U.S. The Chinese retail market <br />is expected to grow 7.5%, <br />compared to a U.S. <br />retail growth of 3.3%. eMarketer predicts <br />that China will outpace <br />the U.S. through 2022. Annual per capita spending in the U.S. <br /> is more than 4 times that of China. U.S. per capita sales in 2019 <br />are estimated at $16,661,<br />compared to China's <br />projection of $4,056. Over the past decade, <br />millions of Chinese have <br />migrated from the country's <br />rural areas to its cities. As a result, their wages <br />have increased, helping <br />to create a "new middle class." By the close of 2019, <br />China is expected to account for <br />55.8% of the world's online retail sales.
