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China's consumption growth likely to slow further in 2019: Commerce ministry

However, retail sales this year would still be growing at a steady, relatively fast pace, Wang Bin, a commerce ministry official told reporters during a briefing.

February 12, 2019 / 09:06 AM IST
The Asian rout | The continent’s 128 billionaires lost $144 billion in 2018. The top three losers were from China, with Wanda Group’s Wang Jianlin losing $11.1 billion this year. Close to 40 percent of the Asians under the index, lost their billionaire status as of December 7. (Image: Reuters)

The Asian rout | The continent’s 128 billionaires lost $144 billion in 2018. The top three losers were from China, with Wanda Group’s Wang Jianlin losing $11.1 billion this year. Close to 40 percent of the Asians under the index, lost their billionaire status as of December 7. (Image: Reuters)

Consumption growth in China is likely to slow further this year, a commerce ministry official said on Tuesday, adding that slower growth last year was due to "periodic" weak car sales and housing-related spending.

However, retail sales this year would still be growing at a steady, relatively fast pace, Wang Bin, a commerce ministry official told reporters during a briefing.
Reuters
first published: Feb 12, 2019 08:57 am
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