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Lunar New Year sales turn lackluster in China

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Mainland Chinese rest outside a shop in Hong Kong.   © Reuters

BEIJING -- Retail sales over the weeklong Lunar New Year holidays were rather modest in China, as many people chose to travel abroad.

     Nationwide retail sales came to 678 billion yuan ($108 billion) for the period, according to the Ministry of Commerce. The figure increased 11% on the year, underscoring solid domestic demand. But the growth rate was the slowest since comparable statistics became available in 2005.

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