China's Rising Retail Market

Chinese youth intend to spend "considerably more" in 2008 than they did in 2007. Multinationals had better start thinking young

The subprime debacle has rattled retail sales in the U.S., forcing many companies to downgrade sales estimates as consumers shy away from checkout counters. Luxury retailers and credit-card companies in the U.S. have recently reported bearish projections for the coming quarters.

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