- China commerce ministry official says first half retail sales expected up 8.2%
Market news
2 July 2019
China commerce ministry official says first half retail sales expected up 8.2%
China's retail sales are expected to have grown 8.2% in the first half of 2019 from a year earlier, a commerce ministry official said.
Chinese retail sales have slowed in recent years, with growth hitting a 16-year low earlier this year due to increased consumer caution amid a trade war with the United States.
Apart from May's surprise slowdown to 7.2%, monthly retail sales growth stayed above 8% in the first half of 2019.
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