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China retail sales growth in “Golden Week” slowed to 11%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - As per Reuters report, the Ministry of Commerce data released today showed China’s retail sales growth during the weeklong National Day Holiday, a sign that consumption remains weak in the world’s second largest economy.

    Retail sales during the “Golden-Week” holiday rose 11% to USD 170.2 billion, compared to 12.1% growth in the same period last year. The holiday is important since retailers launch promotions and discounts in order to lure consumers.
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