China’s retail sales miss forecasts for Q1
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Consumption slowed in China at the end of the first quarter, reports Caixin. This comes as weaker income growth and a declining propensity to spend pointed to fragile domestic demand. Retail sales of consumer goods rose 1.7% year-on-year in March, missing the 2.2% average forecast in a Caixin survey and slowing from the first two months […]
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