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China Retail Sales to Grow Nine Percent Next Year: Report

Retail sales increased 9.1 percent from January to November compared to the same period last year, but have trended weaker in recent months.

Reuters

Updated:December 22, 2018, 10:36 PM IST
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China Retail Sales to Grow Nine Percent Next Year: Report
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Beijing: China's retail sales are expected to grow by 9 percent next year, a senior Commerce Ministry official was quoted as saying on Saturday citing forecasts from "relevant research agencies".

Wang Bin, the ministry's deputy director of market operations, said the growth in retail sales is forecast to make up some 65 percent of China's total economic expansion next year, China National Radio said.

Retail sales increased 9.1 percent from January to November compared to the same period last year, but have trended weaker in recent months. Retail sales in November grew 8.1 percent from a year earlier, missing forecasts of 8.8 per cent.

China's total imports in 2018 are expected to exceed $2 trillion, the China National Radio report quoted Song Xianmao, deputy director of foreign trade, as saying.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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