Related News
China posts highest retail sales growth in November
Online Edition
CHINA'S retail sales of consumer goods rose 11.2 percent year on year in November, the highest monthly growth rate so far this year, official data showed on Saturday.
With November holding the hugely successful online shopping festival Singles' Day, total retail sales of consumer goods stood at 2.79 trillion yuan (US$434 billion) last month, according to the National Bureau of Statistics (NBS).
In the 11 months ending in November, total sales rose 10.6 percent from a year earlier to 27.23 trillion yuan, unchanged from the growth for the first 10 months.
On Nov. 11, or Singles' Day, a nationwide shopping spree saw Alibaba Tmall's online sales jump 60 percent to reach 91.2 billion yuan. The second-ranking JD.com, though much smaller in volume, said 32 million orders were placed in the day, up 130 percent from last year.
In the first 11 months, online sales surged by 34.5 percent year on year to 3.45 trillion yuan, accounting for 12.6 percent in gross retail sales, NBS data showed.
NBS figures also showed that retail sales in China's rural areas expanded by 12.2 percent in November, outpacing the rate of 11 percent for sales in urban areas.
Strong retail sales indicated that pro-consumption policies are taking effect. It also offered a relief for Chinese policy-makers as they try to restructure the Chinese economy to a more consumption- and service-driven model to sustain growth, albeit at a slower rate.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
