SHANGHAI—Sales by China’s retail businesses during the Lunar New Year holiday rose 8.5 percent from a year earlier, pushing up consumer stocks on Feb. 11, but a cooler pace of growth added to evidence the economy is slowing.
The Ministry of Commerce, in a notice on its website Feb. 10, said retail and catering enterprises had revenue of over 1 trillion yuan ($148.3 billion) between Feb. 4–10 during the holiday.
