China Retail Sales April 2008
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Submitted by China Economy Watch Blog
China’s retail sales climbed (in money terms)at the fastest pace since at least 1999 in April, but since inflation was also up near a decade high the actually - inflation adjusted - rate of increase was of course much less. Sales rose 22 percent to a record 814.2 billion yuan ($116 billion) in April after gaining 21.5 percent in March, the statistics bureau said today. If we look at the comparison on the chart below, what we can really say is that there is no sign, at this point, of any economic slowdown, at least as far as retail sales go.
