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Retail sales in China rise at fastest rate of 2020

Retail sales in China rose at their fastest rate this year in October, in a sign that improved demand from consumers is contributing to the country’s rapid economic recovery from the coronavirus pandemic.

Sales rose 4.3 per cent compared with the same month last year, exceeding the 3.3 per cent increase recorded September.

Retail sales returned to growth in August after seven straight months of decline.

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