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China’s Retail Sales Up 16.9% in May

China’s retail sales of consumer goods rose 16.9% year-on-year to 1.47 trillion yuan ($226.77 billion) in May this year, the National Bureau of Statistics (NBS) announced on Tuesday.

Consumer Confidence in China Back to Pre-Recession Levels

Chinese consumers’ confidence has reached levels not seen since 2007, according to the China Economic Monitoring and Analysis Center (CEMAC), jointly run by China’s National Bureau of Statistics and the Nielsen Company. For the survey, they interviewed over 3,500 Chinese shoppers in ities, towns and rural villages, and concluded that the consumer confidence index has [...]