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China's retail Sales up 23.3％ in July

Domestic retail sales leaped a brisk 23.3% to RMB 862.9 bil-lion (US$125.8 billion) in July this year, according to the National Bureau of Statistics (NBS). The growth rate was 6.9 percentage points higher than the same period last year and 0.3 percentage points higher than the previous month.