China re­tail sales slow down in July

The Myanmar Times - - Business -

China’s re­tail sales growth slowed sharply in July, miss­ing ex­pec­ta­tions in a dis­ap­point­ing sign for the world’s sec­ond-largest econ­omy with au­thor­i­ties look­ing to con­sumer de­mand to push growth. Re­tail sales rose 10.2 per­cent in the month, the Na­tional Bu­reau of Sta­tis­tics (NBS) said, a marked slow­down from June’s 10.6pc in­crease and be­low the me­dian fore­cast of 10.5pc.

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