China’s Retail Sales Shrank Further, Evidencing Weak Domestic Demand

<p>The latest set of macroeconomic data suggests that the pace of recovery in China remained slow, as a result of flooding and second wave of coronavirus outbreak. Improvement industrial activities decelerated, while retail sales continued to shrink. Weak domestic spending was evident in subdued core CPI released earlier this week. The government should maintain an [&#8230;]</p>
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