Staff members work at the distribution centre of the Hengyang branch of China Post in Hengyang City, central China's Hunan Province, November 12, 2018. Photo: Xinhua

Lowest retail sales growth for 15 years dash China’s hopes that consumption will offset trade war

Plunge in car sales helps negate record online sales on Singles’ Day
Individual income tax breaks that took effect in October not having desired impact on spending

Topic | China economy

Sidney Leng

Published: 4:40pm, 14 Dec, 2018

Updated: 5:12pm, 14 Dec, 2018

Staff members work at the distribution centre of the Hengyang branch of China Post in Hengyang City, central China's Hunan Province, November 12, 2018. Photo: Xinhua

READ FULL ARTICLE

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.