Sunday, August 03, 2008

China retail salescrack 864b yuan

China's retail sales hit 864.2 billion yuan (US$126.7 billion) in June, showing a 10-year-high growth rate of 23 percent year on year, the National Bureau of Statistics said yesterday.

The growth rate was 7.0 percentage points higher than a year earlier and 1.4 percentage points higher than in May. Adjusted for inflation, the June growth rate was 14.8 percent, the bureau said.

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