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China:retail sales growth rate 23% in June
Posted on Jul-31-2008· by china investor
China retail sales get a 10-year-high growth rate in June,the growth rate was 23 percent.Not like U.S.A,which retail sales is 80 percent of GDP,china’s retail sales is just nearly 30 percent of GDP.China goverment had said improve retail sales is a very importand thing.It shows chinese now will cost more money to improve their live.I think China goverment will decline tax of some low-income earners and indutries to improve economy growth rate,and help low-income earners live more better in last year.
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