China's retail sales expected to slow as trade war looms - eMarketer

(Reuters) - China's retail sales is expected to grow at a slower-than- anticipated pace and would now overtake the United States only in 2021 as the trade war between Beijing and Washington takes a toll on demand in the Asian country, according to market researcher eMarketer. Retail sales in China is expected to grow 3.5% in 2019 to reach $5.29 trillion (4.15 trillion pounds), much lower than a previous forecast of 7.5% growth to $5.64 trillion. The research firm had expected China to surpass..