On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
80° Feels Like: 82°
Wind: WSW 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 59°

Tomorrow

Sunny 83°

Wed Night

Clear 62°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

China Golden week retail sales growth dips to 15 percent

A customer looks at products on sale at a supermarket in central Beijing June 12, 2012. REUTERS/David Gray
A customer looks at products on sale at a supermarket in central Beijing June 12, 2012. REUTERS/David Gray

BEIJING (Reuters) - China's retail sales growth slowed during the Golden Week holiday, local media said on Sunday, providing a snapshot of increasingly important sources of demand in the world's second-largest economy.

Overall retail sales revenue grew 15 percent to hit 800.6 billion yuan ($127.4 billion) during the National Day holiday, which coincided with the Mid-Autumn Festival to provide a rare eight-day break, China's state television China Central Television said.

That marked a cooldown from the 17.5 percent growth last year during a seven-day holiday. No further details were given,

The Golden Week holiday, when millions of people take time out to travel and spend more than usual, brings huge discounts and promotions as retailers battle for market share.

Economists are watching China's 1.3 billion consumers closely during the National Day Golden week holiday, running from Sept 30 to Oct 7, amid escalating worries about China's hard landing. ($1 = 6.2849 Chinese yuan)

(Reporting by Judy Hua and Koh Gui Qing; editing by Ron Askew)

Comments