BEIJING – A slew of upbeat economic data pointed to latest restructuring achievements and provided fresh stabilization signs for the Chinese economy.
Highly-watched economic figures released Monday, including industrial output, retail sales, fixed-asset investment and housing sales, confirmed the message that the ongoing growth model transitioning is providing new impetus to the world’s second largest economy.
In the first four months, total retail sales of consumer goods rose 10.2 percent year on year, 0.2 percentage points faster than the growth in the first quarter, buttressed by vigorous consumption growth in rural areas and online shopping, the National Bureau of Statistics (NBS) said Monday.
Retail sales rose 12.1 percent …
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