According to Statista<\/a>, lackluster domestic demand paired with the cooling effects of the trade war with the U.S. on exports contributed to the slowdown, continuing a downward trend that has been going on for several years now (with 2017 being a surprise exception).<\/p>\n [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3,4,5,6″ ihc_mb_template=”3″ ]<\/p>\n Generally speaking, the national economy of China performed within an appropriate range during 2018, maintaining the general stable momentum by pursuing progress while ensuring stability. However, at the same time, the stable economic performance is under threat as the external environment becomes complicated and severe.<\/p>\n The economy faces downward pressure, and concerns over the changes have haunted\u00a0international corporations during 2019 to consider the Chinese market a key one for reaching their own growth targets, but not all is lost, as there are industries where the country can continue to thrive. Retail, for instance.<\/p>\n According to eMarketer\u2019s latest<\/a> worldwide retail and ecommerce forecast, China\u00a0is poised to become the world\u2019s top retail market of this year, surpassing the U.S. by more than $100 billion. A company forecast predicts\u00a0China<\/span>\u2019s total retail sales will grow 7.5% to $5.636 trillion in 2019. In contrast, U.S. retail sales are expected to grow 3.3%, reaching $5.529 trillion.<\/p>\n Although growth rates are slowing for both countries,\u00a0China<\/span>\u2019s rate aims to exceed that of the U.S. through 2022. Everything speeds up in the digital economy, and nowhere is that more evident than in China. Read more on the topic here<\/a>.<\/p>\nRetail: A way<\/h1>\n
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