Key Takeaways
“The decline in retail sales was partly due to lower receipts as compared to Feb 2021, during which sales were supported by pre-Chinese New Year expenditure. For this year, pre-CNY spending occurred mainly in Jan 2022.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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