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China’s retail sales strengthen in first half of year, but clouds hang over consumer spending

Summary:
[unable to retrieve full-text content]Retail consumption contributed 61.7 per cent to China‘s gross domestic product (GDP) growth in the first half of 2021, nudging ahead of pre-pandemic figures, but concerns about a dimmer outlook remain, experts say.Total retail sales of consumer goods – a key barometer for assessing the health of the economy – in the first half of the year rose 23 per cent to 21.2 trillion yuan (US.2 trillion) from the same period last year, according to data released by the National Bureau of Statistics (NBS)…

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[unable to retrieve full-text content]
Retail consumption contributed 61.7 per cent to China‘s gross domestic product (GDP) growth in the first half of 2021, nudging ahead of pre-pandemic figures, but concerns about a dimmer outlook remain, experts say.Total retail sales of consumer goods – a key barometer for assessing the health of the economy – in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year, according to data released by the National Bureau of Statistics (NBS)…
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