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1st LD: China retail sales up 10.5 pct in July

Xinhua, August 12, 2015 Adjust font size:

China's retail sales grew 10.5 percent year on year to 2.43 trillion yuan ( 383.8 billion U.S. dollars) in July, slightly down from the 10.6 percent growth recorded in June, official data showed Wednesday.

In the first seven months, retail sales grew 10.4 percent, the National Bureau of Statistics said.

Growth in rural areas continued to outpace that in cities.

Sales in rural areas rose 11.9 percent in July and 11.6 percent in January-July period, in contrast to the 10.3 percent and 10.2 percent growth seen in urban areas. Endi