China's consumption growth likely to slow further in 2019: commerce ministry
[BEIJING] Consumption growth in China is likely to slow further this year, a commerce ministry official said on Tuesday, adding that slower growth last year was due to "periodic" weak car sales and housing-related spending.
However, retail sales this year would still be growing at a steady, relatively fast pace, Wang Bin, a commerce ministry official told reporters during a briefing.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
US-China summit: Trump sees ‘better’ ties, Xi warns over Taiwan, as talks conclude
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think