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China Retail February 2022

China: Retail sales growth picks up at outset of 2022

Retail sales grew 6.7% year-on-year in January–February (December: +1.7% yoy), marking the best result since last July.

On a monthly basis, retail sales rose 0.3% in February, following a 0.9% rise in January. Meanwhile, annual average retail sales growth fell to 9.9% in January–February (December: +14.2%).

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