What’s it all about, Alibaba?

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Look to next week’s earnings from Alibaba to figure out growth rate in China’s consumer economy

August 12 brings quarterly earnings from Alibaba Group (BABA), China’s largest online retailer. Analysts expect that the company will report a 34% increase in sales for the quarter that ended in June. Last year sales grew by 46% in the June quarter. With gross merchandise volume of $361 billion in 2014, Alibaba’s sales growth captures growth trends trends in the country’s economy