China Retail Sales ‘Robust’ at Golden Week Break, Ministry Says
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China’s retail sales were “robust” during last week’s seven-day national holiday, the Ministry of Commerce said, signaling consumer spending is supporting expansion in the world’s second-biggest economy.
Spending at shops and restaurants surveyed by the ministry over the so-called Golden Week break jumped 17.5 percent from a year earlier to 696.2 billion yuan ($109 billion), the ministry said in a statement on its website dated Oct. 7.