China: Retail Sales Show Big Jump
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Chinaâs retail sales increased at the quickest rate in at least eight years on rising incomes.
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WASHINGTON -- Consumers brushed off rising gasoline prices and slumping home sales to storm the malls in May, pushing retail sales up by the largest amount in 16 months.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace this decade.
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German retail sales post a surprisingly strong rise in December, driven by a jump in household goods sales.
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U.S. retail sales jumped a  larger-than-expected 1.2 percent in December as lower gas  prices left shoppers with more cash to spend, while cheaper oil  also pulled down import prices more than anticipated,  government reports showed on Thursday.
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Retail sales rose a strong 1.2 percent in November, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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China's trade surplus soared 48% in 2007 to a record high, figures show, as its export-led boom continued.
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China's retail sales grew at their fastest pace in five months during October, driven by rising wages.
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General Motors Corp. , the  world&#039;s largest auto maker, said on Tuesday its sales in China  rose 47 percent in the first half of 2006, as it benefited from  a stronger-than-expected domestic market.
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China's surging trade surplus jumped 67 percent in January from the same month last year to $15.88 billion, the General Administration of Customs said Monday.
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Surging exports trigger a rise in China's trade surplus with the rest of the world to a record  $27bn in June.
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n Overall fourth-quarter retail sales this year are expected to be 6.5 percent higher than last year&#39;s -- the biggest increase since 1999.
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Chinese retail spending grew by 13.8% in August, helped by higher rural and urban incomes, official data shows.
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China's trade surplus has surged to an almost record level in February, official state figures show.
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Consumers put aside worries about the weak economy and high gasoline prices to storm the shopping malls, pushing up retail sales in November. Wholesale prices shot up by the largest amount in 34 years, which could be a harbinger of higher prices to come for shoppers.
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Near-record crowds turned out for the holiday shopping seasonâs Thanksgiving weekend kickoff, bringing with them unexpectedly robust sales gains to many malls and retail chains across the country.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.