Holding back: People along the Nanjing Pedestrian Road shopping area in Shanghai. Cosmetics led a drop in retail spending with a 26% plunge in sales from a year ago. — Reuters
Beijing: China’s retail sales growth unexpectedly weakened in November, highlighting the urgency for Beijing to further encourage residents to spend.
Retail sales rose 3% from a year ago, the National Bureau of Statistics (NBS) said yesterday.
