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 the first single-digit growth in at least a decade.
In 2018, the retail and catering sector reported sales of . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In