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Retail sales in China from January to June 2016 increased by 10.6% compared with the same period of last year (10%). Analysts had expected an increase of 10%
Retail sales - the indicator published by the National Bureau of Statistics of China that estimate the total amount of cash proceeds from the sale of consumer goods to end consumers. In calculating the index is takes into account the total of all consumer goods delivered by various industries for households and social groups through a variety of channels in the retail trade. This is an important indicator that allows to study the changes in the retail market in China and reflects the level of economic well-being. In general, its high levels are considered to be positive for the Chinese economy
According to the data released earlier, China's economic growth in the second quarter remained stable. This suggests that the stimulus measures implemented by the government may have some influence.
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