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China’s retail sales in Spring Festival slows to single-digit growth for first time in a decade

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's retail, catering and tourism sectors see the first single-digit growth during the week-long Spring Festival holiday, amid a slowdown in the economic growth and personal income in the world's second largest country.

In the lunar new year of 2019, the retail and catering sector reported sales of 1.005 trillion yuan, 8.5 per cent higher than the holiday a year earlier, according to data released by the Ministry of Commerce on Sunday. It's . . .

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