mark the important volcanoes (world) on outline map of world
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HONG KONG -- China is expected to overtake the U.S. to become the world's largest consumer of goods this year despite a slowdown in the economy and retail sales, according to a research report.
In the latest forecast by New York-based research company eMarketer released Wednesday, analysts predict China will end the year with total retail sales of $5,074 trillion, exceeding that expected for the U.S. by more than $100 billion.
The forecast is based on estimates of retail sales growth of 7.5% in China and 3.3% in the U.S. for 2019. Both figures are lower than their previous readings.
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