Retail in Asia

In Markets

China’s May retail sales growth misses gov’t target; exports soft

China said on Sunday retail sales grew 12.9 percent in May from a year earlier, an envious gain from by global standards but below the government’s full-year target at a time of worry in the country about the pace of economic growth.

May’s retail sales rise compared with an increase of 12.8 percent increase in April and a government target of 14.5 percent for all of 2013. May export data post this weekend was below expectations.

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(Source: Forbes.com )