China’s retail sales up 17.7% in April, indicating economy gaining strength

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China’s retail sales of consumer goods, a major indicator of consumption growth, grew 17.7 percent year-on-year in April, as consumption-driven post-pandemic recovery is gaining pace in the world’s second largest economy. In the month, retail sales of consumer goods reached 3.32 trillion yuan ($515.9 billion), up 0.32 percent month-on-month, data from the National Bureau of …

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