Fashion
China retail sales growth is stabilising.
Figures from the National Bureau of Statistics show a 10.4 per cent year on year growth rate in the first half of 2015, to US$2.32 trillion.
That rate is a negligible 0.2 percentage points lower than the rate seen in the first quarter.
In the latest month, June, retail sales rose by 10.6 per cent, half a percentage point ahead of May.
The biggest mover was the catering sector, which recorded an 11.5 per cent year on year rise in the first six months of 2015. ‘Other consumer products’ was the next best performing category with growth of 10.3 per cent.
Online retail sales soared 39.1 per cent.
