China will overtake the US as the world’s biggest retail market this year | CNN Business
Ad Feedback
CNN values your feedback
1. How relevant is this ad to you?
2. Did you encounter any technical issues?
Video player was slow to load content
Video content never loaded
Ad froze or did not finish loading
Video content did not start after ad
Audio on ad was too loud
Other issues
Ad never loaded
Ad prevented/slowed the page from loading
Content moved around while ad loaded
Ad was repetitive to ads I've seen previously
Other issues
Cancel
Submit
Thank You!
Your effort and contribution in providing this feedback is much
appreciated.
Close
Close icon
Business
Markets
Tech
Media
Calculators
Videos
More
Markets
Tech
Media
Calculators
Videos
Watch
Listen
Subscribe
Sign in
My Account
Settings
Newsletters
Topics you follow
Sign out
Your CNN account
Sign in to your CNN account
Sign in
My Account
Settings
Newsletters
Topics you follow
Sign out
Your CNN account
Sign in to your CNN account
Listen
Watch
Edition
US
International
Arabic
Español
Edition
US
International
Arabic
Español
Markets
Tech
Media
Calculators
Videos
Follow CNN
Download the CNN App
US
Crime & Justice
Immigration
Education
Transportation
Race & Identity
World
Africa
Americas
Asia
Australia
China
Europe
India
Middle East
United Kingdom
Politics
Elections 2026
Trump
Facts First
CNN Polls
Redistricting Tracker
Epstein Files
Business
Tech
Media
Calculators
Videos
Markets
Pre-markets
After-Hours
Fear & Greed
Investing
Health
Life, But Better
Fitness
Food
Sleep
Mindfulness
Relationships
CNN Underscored
Electronics
Fashion
Beauty
Health & Fitness
Home
Reviews
Deals
Money
Gifts
Travel
Outdoors
Pets
Entertainment
Movies
Television
Celebrity
Tech
Innovate
Style
Arts
Design
Fashion
Architecture
Luxury
Beauty
Video
Travel
Destinations
Food & Drink
Stay
Videos
Sports
NFL
NBA
MLB
WNBA
Golf
Soccer
Tennis
Motorsport
College Sports
Olympics
Bleacher Report
Science
Space
Life
Unearthed
Climate
Solutions
Weather
Weather
Video
Climate
World Cup 2026
Ukraine-Russia War
Israel-Hamas War
Watch
Featured
Shows & Films
Network TV
Clips
CNN Headlines
Shows A-Z
CNN 10
CNN TV Schedule
Listen
All There Is with Anderson Cooper
Chasing Life with Dr. Sanjay Gupta
The Assignment with Audie Cornish
Terms of Service with Clare Duffy
CNN 5 Things
All CNN Podcasts
Games
Daily Crossword
Jumble Crossword
Photo Shuffle
Sudoblock
Sudoku
5 Things Quiz
About CNN
Subscribe
Photos
Investigations
CNN Profiles
CNN Leadership
CNN Newsletters
Work for CNN
Download the CNN App
Markets
DOW
S&P 500
NASDAQ
Hot Stocks
Fear & Greed Index
----- is driving the US market
Latest Market News
The new American dream: Having parents who can help pay for it
Britain hopes this man will save its economy. We went to Manchester to find out why
Meta in talks to rent some of its billions in AI infrastructure to Anthropic
Hot Stocks
----- is driving the US market
Something isn't loading properly. Please check back later.
Business
3 min read
China will overtake the US as the world’s biggest retail market this year
By Daniel Shane, CNN Business
Updated Jan 23, 2019, 7:00 AM ET
Published Jan 23, 2019, 6:56 AM ET
Updated Jan 23, 2019, 7:00 AM ET
PUBLISHED Jan 23, 2019, 6:56 AM ET
• Source:
CNN Business
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/181003173940-hema-alibaba-business-video-card.jpg?q=x_0,y_208,h_2250,w_3999,c_crop" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/181003173940-hema-alibaba-business-video-card.jpg?q=x_0,y_208,h_2250,w_3999,c_crop" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html="
Updated Jan 23, 2019, 7:00 AM ET
Published Jan 23, 2019, 6:56 AM ET
Updated Jan 23, 2019, 7:00 AM ET
PUBLISHED Jan 23, 2019, 6:56 AM ET
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-03T18:54:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/10/03/china-alibaba-hema-supermarkets-lon-orig.cnn-business"
data-branding-key=""
data-video-slug="china alibaba hema supermarkets lon orig"
data-first-publish-slug="china alibaba hema supermarkets lon orig"
data-video-tags="alibaba group,business and industry sectors,business, economy and trade,companies,consumer behavior,economic indicators,economy and economic indicators,electronic commerce,online and home shopping,retail and wholesale trade,supermarkets and groceries"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
You need an app to shop in Alibaba's grocery stores
1:08
• Source:
CNN Business
You need an app to shop in Alibaba's grocery stores
1:08
•
CNN Business
China
16 videos
• Source:
CNN Business
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/181003173940-hema-alibaba-business-video-card.jpg?q=x_0,y_208,h_2250,w_3999,c_crop" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/181003173940-hema-alibaba-business-video-card.jpg?q=x_0,y_208,h_2250,w_3999,c_crop" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html="
Updated Jan 23, 2019, 7:00 AM ET
Published Jan 23, 2019, 6:56 AM ET
Updated Jan 23, 2019, 7:00 AM ET
PUBLISHED Jan 23, 2019, 6:56 AM ET
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-03T18:54:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/10/03/china-alibaba-hema-supermarkets-lon-orig.cnn-business"
data-branding-key=""
data-video-slug="china alibaba hema supermarkets lon orig"
data-first-publish-slug="china alibaba hema supermarkets lon orig"
data-video-tags="alibaba group,business and industry sectors,business, economy and trade,companies,consumer behavior,economic indicators,economy and economic indicators,electronic commerce,online and home shopping,retail and wholesale trade,supermarkets and groceries"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
You need an app to shop in Alibaba's grocery stores
1:08
• Source:
CNN Business
You need an app to shop in Alibaba's grocery stores
1:08
•
CNN Business
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220512235509-05-china-covid-051222.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220512235509-05-china-covid-051222.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-26T14:34:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/26/china-cabinet-government-meeting-coronavirus-economy-jobs-firstmove-vpx.cnn"
data-branding-key=""
data-video-slug="china cabinet government meeting coronavirus economy jobs firstmove vpx"
data-first-publish-slug="china cabinet government meeting coronavirus economy jobs firstmove vpx"
data-video-tags="asia,business, economy and trade,china,continents and regions,coronavirus,diseases and disorders,east asia,economic conditions,economic growth,economic recovery,economy and economic indicators,health and medical,infectious diseases,life forms,microscopic life,respiratory diseases,viruses"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Chinese officials urge government action to revive Covid-battered economy
2:57
• Source:
CNN
Chinese officials urge government action to revive Covid-battered economy
2:57
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220516145322-china-supply-chain.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220516145322-china-supply-chain.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html="Quest Means Business"
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-16T22:35:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/16/china-covid-lockdown-supply-chain-issues-wang-pkg-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="china covid lockdown supply chain issues wang pkg qmb vpx"
data-first-publish-slug="china covid lockdown supply chain issues wang pkg qmb vpx"
data-video-tags="asia,china,continents and regions,east asia,factory workers,labor and employment,workers and professionals"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
How China's workers are faring during a tumultuous supply chain crisis
3:16
• Source:
CNNBusiness
How China's workers are faring during a tumultuous supply chain crisis
3:16
•
CNNBusiness
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220429084825-shipping-containers.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220429084825-shipping-containers.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-29T14:16:37Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="shanghai covid lockdown china economy lu stout vpx"
data-first-publish-slug="shanghai covid lockdown china economy lu stout vpx"
data-video-tags="asia,business, economy and trade,china,continents and regions,coronavirus,diseases and disorders,east asia,east china,economic indicators,economy and economic indicators,health and medical,infectious diseases,kristie lu stout,life forms,microscopic life,misc people,respiratory diseases,shanghai,viruses"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Analyst: 'Lockdown in Shanghai will rock China's economy'
2:56
• Source:
CNNBusiness
Analyst: 'Lockdown in Shanghai will rock China's economy'
2:56
•
CNNBusiness
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220223105329-china-zero-covid-beijing-winter-olympics-marketplace-asia-hnk-00012317.png?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220223105329-china-zero-covid-beijing-winter-olympics-marketplace-asia-hnk-00012317.png?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
Rosanna Philpott
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-23T05:05:43Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/22/china-zero-covid-beijing-winter-olympics-marketplace-asia-hnk.cnn"
data-branding-key="marketplace-asia"
data-video-slug="china zero covid beijing winter olympics marketplace asia hnk"
data-first-publish-slug="china zero covid beijing winter olympics marketplace asia hnk"
data-video-tags="2020 tokyo olympics,2022 beijing winter olympics,asia,beijing,china,continents and regions,east asia,japan,kristie lu stout,misc people,olympics,sports events,summer olympics,tokyo,winter olympics,hong kong"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
How much longer can China's economy handle 'zero-Covid'?
4:08
• Source:
CNN
How much longer can China's economy handle 'zero-Covid'?
4:08
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220223120340-marketplace-asia-eyuan-still.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220223120340-marketplace-asia-eyuan-still.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
Rosanna Philpott
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-23T05:19:18Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/22/beijing-winter-olympics-digital-currency-e-yuan-hnk.cnn"
data-branding-key="marketplace-asia"
data-video-slug="beijing winter olympics digital currency e-yuan hnk"
data-first-publish-slug="beijing winter olympics digital currency e-yuan hnk"
data-video-tags="asia,beijing,business, economy and trade,china,company activities and management,continents and regions,currencies,digital currencies,east asia,economy and economic indicators,money, banknotes and coins,olympics,product development,product innovation,product management,sports events,summer olympics,technology,winter olympics,seasons of the year,travel and tourism,winter (season)"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
China showcased the e-CNY at Beijing Winter Olympic Games
4:52
• Source:
CNN
China showcased the e-CNY at Beijing Winter Olympic Games
4:52
• Source:
CNN Business
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220201121229-soros-on-china.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220201121229-soros-on-china.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-01T17:18:13Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/01/soros-on-china-and-xi-jinping-orig.cnn-business"
data-branding-key=""
data-video-slug="Soros on China and Xi Jinping orig"
data-first-publish-slug="Soros on China and Xi Jinping orig"
data-video-tags=""
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
"China is facing an economic crisis": Soros on China and Xi Jinping
1:05
• Source:
CNN Business
"China is facing an economic crisis": Soros on China and Xi Jinping
1:05
•
CNN Business
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220126175819-03-beijing-2022-olympics-games-0126.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220126175819-03-beijing-2022-olympics-games-0126.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html="Quest Means Business"
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-27T05:05:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/27/beijing-winter-olympics-sponsors-wang-pkg-qmb-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Beijing winter olympics sponsors wang pkg qmb intl hnk vpx"
data-first-publish-slug="Beijing winter olympics sponsors wang pkg qmb intl hnk vpx"
data-video-tags="asia,boycotts,china,continents and regions,east asia,international relations,international relations and national security,olympics,sports events,summer olympics"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Olympic sponsors caught in the middle of diplomatic boycotts ​against China
3:09
• Source:
CNN
Olympic sponsors caught in the middle of diplomatic boycotts ​against China
3:09
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220114004327-omicron-beijing-china-011322.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220114004327-omicron-beijing-china-011322.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-17T16:40:30Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/17/china-gdp-economy-patrick-chovanec.cnnbusiness"
data-branding-key=""
data-video-slug="china gdp economy patrick chovanec"
data-first-publish-slug="china gdp economy patrick chovanec"
data-video-tags="asia,business and industry sectors,business, economy and trade,china,continents and regions,east asia,economic conditions,economy and economic indicators,real estate"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Covid and the real estate crisis weigh on China's economy
3:18
• Source:
CNNBusiness
Covid and the real estate crisis weigh on China's economy
3:18
•
CNNBusiness
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220114153620-screengrab-hong-kong-skyline.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220114153620-screengrab-hong-kong-skyline.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-14T09:17:09Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/14/hong-kong-zero-covid-supply-chain-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-video-tags="asia,border control,china,communicable disease control,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,east asia,epidemics and outbreaks,health and medical,hong kong,infectious diseases,international relations,international relations and national security,kristie lu stout,life forms,microscopic life,misc people,national security,public health,respiratory diseases,territorial and national borders,viruses"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Pandemic empties one of the world's busiest airports
3:04
• Source:
CNN
Pandemic empties one of the world's busiest airports
3:04
• Source:
CNN Business
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220112144713-food-delivered-by-robot-beijing-olympics.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/220112144713-food-delivered-by-robot-beijing-olympics.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
Macie Goldfarb
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-12T19:52:50Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/12/food-robot-beijing-olympics-orig.cnn-business"
data-branding-key=""
data-video-slug="food robot Beijing Olympics orig"
data-first-publish-slug="food robot Beijing Olympics orig"
data-video-tags="olympics,robots and robotics,sports events,summer olympics,technology"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Early Olympics attendees eat noodles served from ceiling
1:07
• Source:
CNN Business
Early Olympics attendees eat noodles served from ceiling
1:07
•
CNN Business
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211230001150-xian-lockdown-testing-12292021.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211230001150-xian-lockdown-testing-12292021.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-30T18:16:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/30/china-xian-lockdown-chip-shortage-samsung-micron.cnnbusiness"
data-branding-key=""
data-video-slug="china xian lockdown chip shortage samsung micron"
data-first-publish-slug="china xian lockdown chip shortage samsung micron"
data-video-tags=""
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
China lockdown is hitting world's biggest chipmakers
2:09
• Source:
CNNBusiness
China lockdown is hitting world's biggest chipmakers
2:09
•
CNNBusiness
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211228215252-01-stand-hk-arrests-122920221.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211228215252-01-stand-hk-arrests-122920221.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html="Newsroom"
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-29T22:45:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/media/2021/12/29/hong-kong-news-outlet-closes-police-raid-stand-news-pkg.cnnbusiness"
data-branding-key=""
data-video-slug="hong kong news outlet closes police raid stand news pkg"
data-first-publish-slug="hong kong news outlet closes police raid stand news pkg"
data-video-tags="activism,arrests,asia,business and industry sectors,business, economy and trade,china,continents and regions,crime, law enforcement and corrections,criminal law,democracy,east asia,forms of government,government and public administration,hong kong,ivan watson,journalism and news media,law and legal system,law enforcement,media industry,misc people,policing and police forces,politics,society"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Hong Kong independent news outlet closes after police raid and arrests
2:53
• Source:
CNNBusiness
Hong Kong independent news outlet closes after police raid and arrests
2:53
•
CNNBusiness
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/210311035205-02-spacex-starlink-0311.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/210311035205-02-spacex-starlink-0311.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-28T21:58:37Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/28/space-x-china-satellite-elon-musk-starlink.cnnbusiness"
data-branding-key=""
data-video-slug="space x china satellite elon musk starlink"
data-first-publish-slug="space x china satellite elon musk starlink"
data-video-tags="asia,aviation and aerospace industry,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,elon musk,government and public administration,government bodies and offices,government departments and authorities,international relations,international relations and national security,ivan watson,misc people,north america,roads and traffic,satellite industry,space and astronomy,space exploration,space industry,space stations,spacecraft and satellites,spacex,state departments and diplomatic services,technology,telecommunications industry,the americas,transportation and warehousing,transportation infrastructure,united states"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
China slams Elon Musk and US claiming SpaceX satellites endangered Chinese
1:58
• Source:
CNNBusiness
China slams Elon Musk and US claiming SpaceX satellites endangered Chinese
1:58
•
CNNBusiness
• Source:
CNN
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211221093954-china-livestreamer-viya-1.jpg?c=16x9" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211221093954-china-livestreamer-viya-1.jpg?c=16x9" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-21T14:59:39Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/21/china-government-fines-livestreamer-viya-tax-evasion-lkl-intl-vpx.cnn"
data-branding-key=""
data-video-slug="china government fines livestreamer viya tax evasion lkl intl vpx"
data-first-publish-slug="china government fines livestreamer viya tax evasion lkl intl vpx"
data-video-tags="arts and entertainment,asia,broadcasting industry,business and industry sectors,business, economy and trade,celebrities,celebrity and pop culture,china,consumer behavior,continents and regions,crime, law enforcement and corrections,criminal offenses,digital and streaming video,east asia,economic indicators,economy and economic indicators,fines and penalties,fraud and financial crimes,government and public administration,internet and www,internet broadcasting,law and legal system,media industry,movie and video industry,newspapers,public finance,publishing industry,social media,streaming media,tax avoidance,tax fraud,taxes and taxation,technology,trial and procedure"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
Chinese 'live-streaming queen' hit with huge tax evasion penalty
1:39
• Source:
CNN
Chinese 'live-streaming queen' hit with huge tax evasion penalty
1:39
• Source:
CNNBusiness
"
data-fave-thumbnails="{"big": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211013145352-evergrande-changqing-wuhan-china-0926.jpg?q=x_2,y_135,h_1123,w_1995,c_crop" }, "small": { "uri": "https://media.cnn.com/api/v1/images/stellar/prod/211013145352-evergrande-changqing-wuhan-china-0926.jpg?q=x_2,y_135,h_1123,w_1995,c_crop" }  }"
data-vr-video="false"
data-show-html=""
data-byline-html="
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-09T15:03:11Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/09/evergrande-default-debt-fitch.cnnbusiness"
data-branding-key=""
data-video-slug="evergrande default debt fitch"
data-first-publish-slug="evergrande default debt fitch"
data-video-tags="asia,business, economy and trade,china,companies,company activities and management,continents and regions,east asia,financial performance and reports,financial ratings,fitch group,beijing,economic conditions,economic growth,economy and economic indicators"
data-breakpoints='{"video-resource--media-extra-large": 660}'
data-display-video-cover="true"
data-details=""
Video Ad Feedback
China's Evergrande downgraded by Fitch
1:41
• Source:
CNNBusiness
China's Evergrande downgraded by Fitch
1:41
•
CNNBusiness
See more videos
Facebook
Tweet
Email
Link
Threads
Link Copied!
Hong KongCNN Business — 
China’s economy may be slowing down, but the country is still set to eclipse the United States as the world’s top retail market for the first time.
Retail sales in China will reach more than $5.6 trillion this year, about $100 billion more than in the United States, according to a report published Wednesday by research firm eMarketer.
The Chinese population’s growing wealth and the rapid development of e-commerce have driven the country’s epic retail boom.
“In recent years, consumers in China have experienced rising incomes, catapulting millions into the new middle class,” said Monica Peart, senior forecasting director at eMarketer. “The result has been a marked rise in purchasing power and average spending per person.”
The firm’s prediction highlights China’s increasing importance as a market for global brands even as growth overall cools. The country is already the world’s largest market for cars and smartphones.
Related article
JASON LEE/REUTERS
This coffee company thinks it can beat Starbucks in China
The gap between the Chinese and US retail markets is set to widen in the coming years, with China’s growing more quickly through at least 2022, according to eMarketer.
China’s biggest e-commerce companies, Alibaba (BABA) and JD.com (JD), have played a key role in the industry’s explosive growth. More than 35%, or almost $2 trillion, of Chinese retail spending is expected to take place online this year, eMarketer said, compared with just 11% in the United States.
China is home to Singles Day, Alibaba’s annual online spending blitz that regularly racks up bigger sales than Black Friday and Cyber Monday combined.
Alibaba accounts for more than half of all online sales in China, but it faces increasing competition from smaller rivals like Pinduoduo, according to eMarketer.
Like Amazon (AMZN) in the United States, China’s internet giants have moved into the brick-and-mortar retail industry, as well.
Tencent (TCEHY), the owner of top messaging app WeChat, and three other  companies invested $5 billion in Wanda Commercial Properties, China’s biggest mall operator, a year ago. Tencent is also a major shareholder in JD.com.
In 2017, Alibaba paid $2.9 billion for a 36% stake in Sun Art Retail Group (SURRY), widely considered the Chinese equivalent of Walmart (WMT).
A customer shopping for clothing at a mall in Beijing. Growth in retail sales is slowing in China, but it's still outpacing the United States.
NICOLAS ASFOURI/AFP/Getty Images
Slowdown fears overdone?
Chinese consumers are feeling the effects of the country’s slowing economy and trade war with the United States. Retail sales growth is expected to weaken to 7.5% in 2019, from around 8.5% last year, according to eMarketer.
Apple (AAPL) alarmed investors earlier this month by warning that its sales in China were lower than anticipated for the holiday quarter. CEO Tim Cook said in a letter to investors that the company had been blindsided by “the magnitude of the economic deceleration” in China.
Spending on products like cosmetics and jewelery is suffering as consumers feel the pinch from cooling growth in the real estate market and rising debt, according to Michelle Lam, an analyst at investment bank Societe Generale.
Related article
A pedestrian walks past a Tiffany and Co. boutique in Shanghai, China, 15 October 2010.
Qi yunfeng/Imaginechina/AP
Chinese tourists are spending less at Tiffany's. That's a worrying sign
“As China’s growth has been losing momentum, consumer spending has also exhibited clear signs of weakness,” she wrote in a note to clients this week.
But other analysts are more optimistic.
“While we expect consumption growth to slow, we think that the anxiety about China’s consumers is largely overdone,” Tianjie He, a senior economist at research firm Oxford Economics, wrote in a note on Wednesday.
“We do not expect a significant slowdown in 2019,” he wrote, adding that China’s consumers will remain “a key driver of economic growth.”
Facebook
Tweet
Email
Link
Threads
Link Copied!
Ad Feedback
Paid Content
Paid Content
Ad Feedback
Subscribe
Sign in
My Account
Settings
Newsletters
Topics you follow
Sign out
Your CNN account
Sign in to your CNN account
Listen
Watch
US
Crime & Justice
Immigration
Education
Transportation
Race & Identity
World
Africa
Americas
Asia
Australia
China
Europe
India
Middle East
United Kingdom
Politics
Elections 2026
Trump
Facts First
CNN Polls
Redistricting Tracker
Epstein Files
Business
Tech
Media
Calculators
Videos
Markets
Pre-markets
After-Hours
Fear & Greed
Investing
Health
Life, But Better
Fitness
Food
Sleep
Mindfulness
Relationships
CNN Underscored
Electronics
Fashion
Beauty
Health & Fitness
Home
Reviews
Deals
Money
Gifts
Travel
Outdoors
Pets
Entertainment
Movies
Television
Celebrity
Tech
Innovate
Style
Arts
Design
Fashion
Architecture
Luxury
Beauty
Video
Travel
Destinations
Food & Drink
Stay
News
Videos
Sports
NFL
NBA
MLB
WNBA
Golf
Soccer
Tennis
Motorsport
College Sports
Olympics
Bleacher Report
Science
Space
Life
Unearthed
Climate
Solutions
Weather
Weather
Video
Climate
World Cup 2026
Ukraine-Russia War
Israel-Hamas War
Watch
Featured
Shows & Films
Network TV
Clips
CNN Headlines
Shows A-Z
CNN 10
CNN TV Schedule
Listen
All There Is with Anderson Cooper
Chasing Life with Dr. Sanjay Gupta
The Assignment with Audie Cornish
Terms of Service with Clare Duffy
CNN 5 Things
All CNN Podcasts
Games
Daily Crossword
Jumble Crossword
Photo Shuffle
Sudoblock
Sudoku
5 Things Quiz
About CNN
Subscribe
Photos
Investigations
CNN Profiles
CNN Leadership
CNN Newsletters
Work for CNN
Business
Watch
Listen
Subscribe
Sign in
My Account
Settings
Newsletters
Topics you follow
Sign out
Your CNN account
Sign in to your CNN account
Follow CNN
Download the CNN app
Download the CNN app
Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
Terms of Use
Privacy Policy
Ad Choices
Accessibility & CC
About
Subscribe
Newsletters
Transcripts
Help Center
Sitemap
© 2026 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved.
CNN Sans ™ & © 2016 Cable News Network.
Download the CNN app
Scan the QR code to download the CNN app on Google Play.
Download the CNN app
Scan the QR code to download the CNN app from the Apple Store.