Even with less bullish economic growth, China remains impossible for retailers to ignore. Retail sales in the world's most populous country increased by 13 percent in 2013 to $2.6 trillion. Looking ahead, urbanization, increasing disposable incomes, and loosening of the family planning policy are expected to fuel future growth.
China's e-commerce market is growing significantly and now accounts for eight percent of all retail.
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Chinese customers queue up in front of an Apple store in Beijing, China, Sept 20 2013. [Photo/IC] |
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