China sees full-year retail sales up 15.6 pct

Newswire

BEIJING, Dec 1 (Reuters) - Chinese retail sales are likely to grow 15.6 percent for all of 2009, supported by government measures to boost domestic consumption, the Ministry of Commerce said on Tuesday. Retail sales rose 16.2 percent in the year to October. For the whole of 2008, they rose 21.6 percent. In a statement released ahead of a news conference, the ministry said it would continue to improve incentives to encourage consumers to trade in old vehicles and household appliances for ...

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