China retail consumption stayed soft in August, BofA says
BofA Securities said China’s retail consumption likely remained soft in August. It expects retail sales growth to stay at 0.6% year-over-year, while auto sales volume contracted 19% year-over-year, per the China Passenger Car Association.
China's retail consumption likely remained soft in August, according to BofA Securities in a research note.
Retail sales growth is expected to stay at 0.6% year-over-year.
Auto sales volume continued to contract sharply, down 19% year-over-year, according to the China Passenger Car Association, whi…