China's retail sales up 2.7% in July

China's retail sales up 2.7% in July

China's retail sales of consumer goods went up 2.7 percent year on year in July, the National Bureau of Statistics said Monday.

The growth slowed from a 3.1-percent increase registered in June.

The total retail sales of consumer goods was around 3.59 trillion yuan (US$532.6 billion) in July, according to the NBS.

In the first seven months, China's total retail sales of consumer goods reached 24.63 trillion yuan, down 0.2 percent year on year.

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