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USA Update

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China retail growth slows, agency calls for 2025 support

Broadly positive  economic data for November released on Monday also showed slower-than-expected growth of 3.3% in retail sales, much slower than in October and well adrift of the 4.6% forecast.  The slowdown came as a surprise because and encourage consumption, as it , threatening increased tariffs.  China had implemented major online shopping promotions and government-subsidized trade-in […]

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