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China says retail sales grew 17.7% in April, missing expectations – CNBC

China said Monday that consumer spending grew at a slower-than-expected pace in April.

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BEIJING China said Monday that consumer spending grew at a slower-than-expected pace in April.
Retail sales rose 17.7% last month from a year ago, the National Bureau of Statistics said Monday. That missed expectations of 24.9% growth in April, according to analysts polled by Reuters.
April’s retail sales figure also marked a slowdown from 34.2% year-on-year growth in March.
Industrial output rose 9.8% in April, matching Reuters’ expectations.
Fixed asset investment for the first four months…

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