BEIJING (Reuters) – The trend of China’s consumption recovery has not changed despite year-on-year retail sales growth in November having slowed from October, China statistics bureau spokesperson Fu Linghui said at a media briefing in Beijing on Monday. The combination of policies released and new policies will gain more traction and kick in, but the […]
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China’s consumption recovery continues despite growth slows, stats bureau says
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BEIJING (Reuters) – The trend of China’s consumption recovery has not changed despite year-on-year retail sales growth in November having slowed from October, China statistics bureau spokesperson Fu Linghui said at a media briefing in Beijing on Monday.
The combination of policies released and new policies will gain more traction and kick in, but the external situation has become more complex and severe, Fu said, adding China will implement more policies to expand domestic demand.
(Reporting by Kevin Yao; Writing by Ellen Zhang)