China Sees Increase in Retail Revenue

RAPAPORT... Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation'sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion) in January and February, the National Bureau of Statistics of Chinasaid in a statement Monday. Retail sales of all consumer goods increased 10%,while online sales climbed 37%. The period included ChineseNew Year, which fell in February. This improved demand was also reflected in exports of Swisswatches to China, which jumped 22% year on year in February, according to the Federation of the Swiss Watch Industry.Image: Yewn