Study: Consumers on fast track

With incomes rising, three 'great forces' transforming the country's marketplace - especially e-commerce

China is projected to remain one of the world's fastest-growing consumer markets by 2020, reaching $6.5 trillion in annual private consumption even if annual GDP growth slows to 5.5 percent over the next five years, according to a study by Boston Consulting Group and AliResearch, the research arm of Alibaba Group Holding.

The country's official growth target is 6.5 percent during the 13th Five-Year Plan (2016-20).