China retail sales pick up speed, beat forecasts in October

Beijing (AFP) Nov 15, 2024

China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. Officials have since late September unveiled a slew of measures including interest rate cuts and debt swaps intended to boost activity in the world's second-largest economy, which has struggled to re