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Wednesday, March 17, 2021

China retail sales versus USA retail sales.

 USA retail sales: -3% m-o-m



China retail sales: 0.56% m-o-m

As we can see from the US chart, US monthly retail sales would decline without the government's support (dole).  However, China's monthly retail sales had been relatively positive for the past 1 year without the government's dole.

Therefore, China's retail sales are much stronger than the US since the Chinese have a higher savings rate and without government intervention.

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