Official data show consumption expenditure contributed more to China’s economic growth than capital formation and net exports
Retail sales of services grew 5.3 per cent year on year in the first half, outpacing retail sales of goods by 4.2 percentage points, Wang said, noting that service segments including tourism, consulting and leasing, as well as cultural, sports and leisure activities, all maintained double-digit growth.
Missed signals, lost deal: Hopes of India, US raising trade to $500b fade as talks collapse
Officials on both sides said a mix of political misjudgement, missed signals and bitterness broke down the deal between the world’s biggest and fifth-largest economies, whose bilateral trade is worth over $190 billion.
