December 7, 2024

China retail sales beat forecasts in October while real estate slump worsens

 China retail sales beat forecasts in October while real estate slump worsens

China retail sales beat forecasts in October while real estate slump worsens

Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.