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ECONOMY IS REVIVING !!!
Chinese consumers stepped up their spending in August, in a sign of further economic recovery from the shock of the coronavirus pandemic.
Retail sales rose 0.5% in August from a year ago, the first positive report for the year so far, China&rsquo s National Bureau of Statistics said Tuesday. Notably, sales of communication equipment rose 25.1% from a year ago and that of autos rose 11.8%.
Retail sales for the first eight months of the year were down 8.6% from a year ago, the bureau said. Online retail sales of physical goods grew by 15.8% during that time, the data showed.