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China to overtake US as world's No 1 consumer
Chinese consumers’ spending has surged in recent years
Even with the ongoing slowdown of China’s economic growth, the world’s No 2 economy is expected to overtake the US to become the world’s largest consumer market in the next five years, according to a new report by Standard & Poor’s (S&P).
The report – entitled Financial Risks Are Rising as Retail and...
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