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China retail sales growth slows in October: govt

Online retail is taking an increased share of total retail sales in ChinaChina’s retail sales growth slowed to 10.0 percent on-year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics (NBS) said, also slightly below forecasts in a Bloomberg News survey of economists. China is a key driver of the world economy but its expansion has slowed significantly from the double-digit years of the past.

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