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China’s retail sales in National Day holidays back to growth unexpectedly

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's overall revenue on retail goods and dining during China’s week long National Day holidays returned to growth this year, offering unexpected respite to an economy that has been expanding at its weakest pace in almost three decades.

Retail and catering sales rose 8.5 per cent between October 1 to 7 from a year ago to 1.52 trillion yuan ($212.6 billion), driven by higher sales of white goods and increased spending on tourism and entertainment . . .

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