China's June retail sales beat forecasts
China's June retail sales beat forecasts
China's retail sales rose 1.0 percent year-on-year last month for the first time since December 2022, official data showed Wednesday, picking up from the previous month, providing a boost to leaders as they battle sluggish domestic activity.
The reading from the National Bureau of Statistics marked a sharp improvement from May's 0.6 percent fall.
Industrial production rose 5.3 percent year-on-year, the NBS said, beating a Bloomberg forecast of 4.6 percent.
