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Retail sales during China's Golden Week grew 15% during the holiday period, lower than last...

Retail sales during China's Golden Week grew 15% during the holiday period, lower than last year's 17.5% pace but ahead of many forecasts. The crucial shopping period saw a healthy uptick in tourism which could bode well for gaming companies with Macau operations such as Las Vegas Sands (LVS), Melco Crown (MPEL), Wynn Resorts (WYNN), and MGM Resorts (MGM).
Comments (2)
  • Ralph Petrillo
    , contributor
    Comments (336) | Send Message
     
    15% is huge increase , for last month increase was 12%. Unemployment is very low , consumption is increasing, profits are strong.
    16 Oct 2012, 07:18 AM Reply Like
  • PeakOiler
    , contributor
    Comments (298) | Send Message
     
    Growth in China is clearly slowing.
    16 Oct 2012, 08:50 AM Reply Like
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