Posted inAsia Times Exclusive

China retail sales remain strong despite August statistical fluke

China’s disappointing retail sales report for August was a fluke due to seasonal factors, Asia Times analysis shows. Chinese consumer stocks fell sharply after the National Statistics Bureau reported a paltry 2.5% year-on-year increase in retail sales, against an analyst consensus forecast of 7%. Consumer discretionary and consumer staples stocks fell by 2.6% in the […]