(MENAFN) China has become the world's second largest retail market as its retail market volume witnessed a huge leap from USD1.77 trillion to USD3.44 trillion within 4 years, Xinhua News reported.
China's plans of economic growth which focus on the consumption sector rather than on investments are of in the nation's favor; improving the quality of its economic growth.
Moreover, the retail sector helped reduce unemployment by 33% providing 60 million jobs in 2012 compared to 45 million jobs in 2008.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.