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China's economy has great potential.....>

CHINA PRESS
MNI (London)
CHINA PRESS: China's economy has great potential for growing consumer demand,
with the upward trend of consumption continuing, as seen during the Double
Eleven e-commerce shopping festival last weekend, the Economic Information Daily
said in a front-page commentary Tuesday.
- The historical high CNY213.5 billion on turnover on Taobao, the world's
biggest e-commerce website, seen on Nov 11 underlined the spending power of
China's consumers, the Daily said.
- Though retail sales growth decelerated to below 10% this year, online retail
sales continues to grow at around 30%, which will help to offset external
headwinds and stabilize economic growth.
(Link to the story: https://bit.ly/2PQTY6Z)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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