As demand cools, China retail sales miss forecast

By Agence France-Presse

May 17, 2023 12:31 am

BEIJING: China's economic data for April missed expectations last month, official figures showed Tuesday, as low demand and high youth unemployment led to a patchy recovery after lifting strict Covid rules.

Retail sales — a key indicator of domestic consumer activity — grew 18.4 percent on-year, data released by the National Bureau of Statistics showed.

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