World News

China’s 2019 retail sales to rise 8%: commerce ministry

BEIJING (Reuters) – China’s retail sales are expected to increase 8% in 2019 to 41.1 trillion yuan ($5.88 trillion), the official Xinhua News Agency reported on Monday, citing a commerce ministry official.

That compared with a 9% rise in retail sales in 2018.

($1 = 6.9875 Chinese yuan renminbi)

(Reporting by Lusha Zhang, Yawen Chen and Tony Munroe; Editing by Kim Coghill)

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