Press "Enter" to skip to content

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

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 readers like you. 

What you'll get:

  • High-quality & in-depth reporting on the most important topics about China's economy and financial markets
  • Daily Brief newsletter to give you a full picture of what's happening in China every weekday
  • Interviews with China experts
  • Conference calls and events 

We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere! 

 

JOIN FOR FULL ACCESS

Already have an account? Sign In

Top