Retail in Asia

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China retail sales growth moderates

The moderation in China’s retail sales growth in April dampened expectations that domestic demand in the world’s second largest economy may strengthen.

Retail sales expanded 14.1 percent from a year earlier to CNY1.56 trillion (USD247 billion) last month, slower than the pace of 15.2 percent in March, the National Bureau of Statistics said on Friday.

In the first four months of this year, retail sales rose 14.7 percent to CNY6.49 trillion.

(Source: Shanghai Daily )