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

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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
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Sidney Leng

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.