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China July Retail Sales May Return to Growth, News Says

CHINA PRESS
MNI (Sydney)

China's retail sales may have registered positive growth in July with an estimated gain of 2% y/y from -1.8% for June, the Shanghai Securities News reported citing Tang Weijian, the chief analyst with Bank of Communications. The upbeat consumption figure is partly due to auto sales, which are reported to have increased 5% y/y in July, up from -6.2% in June, according to Zhu Jianfang, the chief economist with Citic Securities.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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