China saw tourism growth slip to the lowest in 10 years and the growth of retail sales drop below 10 per cent during the Golden Week holiday, as a slowdown in the world's second largest economy piles pressure on consumption.
China's retail sales during the past National Day holiday reached 1.4 trillion yuan, bringing daily retail sales 9.5 per cent higher than a year earlier, according to data released by the Ministry of Commerce on Monday.
To continue reading, please subscribe. You will get
- ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
- THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere.
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
- QUALITY MATTERS. We provide quality information to help intelligent and professional readers make informed decisions.
GRAB THE MID-YEAR SPECIAL OFFER !
SUBSCRIBE AT $0.5 A DAY!
Contact us for group subscriptions: email@example.com
We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In