Market researcher IGD last week released a phenomenal conclusion about the size of China’s retail market. According to its estimates, the total space is worth just over $1 trillion (€754 billion), making it the world’s largest retail market, ahead of the United States by some $100 billion (€75 billion).

China, with one-fifth of the world’s population, can only be expected to grow in spending power, IGD notes, and forecasts that by 2016, its shoppers will spend nearly $1.6 trillion (€1.2