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China's retail sales to see stable growth in 2016: Xinhua

Wednesday, June 15, 2016 - 11:01
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China's retail sales will see stable growth for the remainder of 2016, state news agency Xinhua said, citing a Commerce Ministry official.

[BEIJING] China's retail sales will see stable growth for the remainder of 2016, state news agency Xinhua said, citing a Commerce Ministry official.

Growth in online retail sales is particularly strong, the official said, according to the Xinhua report on Wednesday.

Data earlier this week showed that despite strong car sales in May, consumption softened slightly with retail sales growth easing to 10.0 per cent.

REUTERS