China’s retail sales soften 0.2% in 2022

23.01.2023

China's retail sales, a major driver of economic growth, fell 0.2 percent in 2022 due to the impact of COVID-19, but domestic consumption is expected to rebound this year with improving growth prospects and rising incomes. 

Fourth-quarter GDP growth was better than expected, indicating the strong resilience of the world's second-largest...