China's retail sales soar over Lunar New Year holiday

02/2/2009 | International Herald Tribune

Retail sales in China jumped 13.8% during the seven-day Lunar New Year holiday that started Jan. 25, compared with the same period last year, according to the Commerce Ministry. Retail sales growth, however, was down and is expected to continue falling, said analyst Xu Xiaofang of Guotai Junan Securities.

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