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Saturday, April 17, 2021

China retail sales versus USA retail sales. - Part 2

US m-o-m retail sales:


China m-o-m retail sales:


US y-o-y retail sales:


China y-o-y retail sales:


We can see that US retail sales are more erratic than China's because US consumers rely on government doles (free stimulus cheques) while China consumers are spending their own monies.

When the doles stop, the US consumer spendings will drop too.

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