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China’s stimulus measures boosted retail sales in October

Article by Rachel Wolff  |  Nov 15, 2024
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China’s stimulus measures boosted retail sales in October
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Retail Sales
Retail Ecommerce Sales
China

The data: China’s retail sector performed better than expected in October.

  • Stimulus measures, Golden Week, and Singles Day discounts led consumers to open their wallets.
  • October retail sales grew 4.8% year over year (YoY), per China’s National Bureau of Statistics.

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