11-12-2008, 08:05 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>China's Retail Sales Rise 22% as Crisis Fails to Damp Spending </b>
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By Nipa Piboontanasawat
Nov. 12 (Bloomberg) -- China's retail sales grew at close to the fastest pace in nine years even as the global financial crisis and a property slump knocked confidence.
<b>Sales rose 22 percent in October </b>from a year earlier to 1.008 trillion yuan ($148 billion), the statistics bureau said today, <b>after gaining 23.2 percent </b>in September. That matched the median estimate of 16 economists surveyed by Bloomberg News.
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Now this is fake news.
link
By Nipa Piboontanasawat
Nov. 12 (Bloomberg) -- China's retail sales grew at close to the fastest pace in nine years even as the global financial crisis and a property slump knocked confidence.
<b>Sales rose 22 percent in October </b>from a year earlier to 1.008 trillion yuan ($148 billion), the statistics bureau said today, <b>after gaining 23.2 percent </b>in September. That matched the median estimate of 16 economists surveyed by Bloomberg News.
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Now this is fake news.