
A vendor arranges school bags at her stall in Kunming, Yunnan Province, in this file photo. China’s retail sales are expected to grow at a slower-than-anticipated pace and would now overtake the United States only in 2021 as the trade war slows demand in the Asian country, according to market researcher eMarketer. Retail sales in China are expected to grow 3.5 percent in 2019 to reach US$5.29 trillion, much lower than a previous forecast of 7.5 percent growth to US$5.64 trillion.SD-Agencies |