China New Year Retail Sales Growth Slows on Frugal Drive

Retail sales in China during the week-long Lunar New Year festival rose at the slowest pace in four years as a crackdown on extravagant spending by officials and state-owned companies limited outlays on food and drink. Sales at shops and restaurants monitored by the Ministry of Commerce increase…

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China New Year Retail Sales Growth Slows on Frugal Drive

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