By  on June 27, 2008

China is poised to replace Japan as the world's second-largest retail market by 2012, even as inflation slows some momentum from the consumer giant, a new report by TNS Retail Forward said.

Fashion is set to be a cornerstone of that growth, with homegrown and international names looking to tap into the market. By 2012, apparel and footwear sales are expected to reach $214 billion, a 71.2 percent rise from $125 billion last year, according to the study "Strategic Focus — China's Retail Landscape."

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