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flag China's stimulus program boosts retail sales by 4.8% and auto sales by 7% year-over-year.

flag China's pro-consumption policies, including a 300 billion yuan ($41.7 billion) program for equipment renewal and trade-ins, have boosted retail sales. flag Retail sales grew by 4.8% year-on-year in October, up from 3.2% in September. flag The program, funded by ultra-long treasury bonds, has also led to a 7% increase in auto sales, with over 4 million trade-in applications submitted.

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