Retail. China will overtake the U.S. by 2020

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6 July 2020 à 15h49

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1 minute

Publication: 6 July 2020 à 15h49

Reading time: 1 minute

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Publication

6 July 2020 à 15h49

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1 minute

Publication: 6 July 2020 à 15h49

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According to eMarketer, China will become the world’s largest retail market sooner than expected, partly due to the health crisis. The e-commerce battle between Alibaba, JD.com and Pinduoduo, as well as the implementation of digital innovations nationwide are helping China recover much faster than the rest of the world.

At the same time, the U.S. economy and consumption are expected to suffer more than China. For 2020, EMarketer predicts US$5 billion in retail sales in China (down 4%

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