China's retail sales to soar 15% this year

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Source: Dukascopy
China's retail sales are likely to surge by 15% in 2012, said one government official. Consumption is expected to outplace investment, being the main engine for economic expansion in 2012, according to Chinese Academy of International Trade. Retail sales grew by 14.7% year-to-year over two month before March, decelerating from 18.1% increase in December, reported the National Bureau of Statistics.



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