China's retail sales up 12% in first ten months

Source: Xinhua | November 13, 2014, Thursday |

Online Edition

China's retail sales climbed 12 percent year on year to 21.31 trillion yuan (US$3.47 trillion) in the first ten months of the year, the National Bureau of Statistics said on Thursday.

The country's retail sales in November grew 11.5 percent from a year ago, with the growth pace falling for five straight months, the data showed.

However, the country's online retail sales continued to accelerate, soaring 55.6 percent year on year to 330.7 billion yuan in the Jan.-Nov. period, based on survey results of retail catering enterprises with large revenues.

Economy

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China's retail sales up 12% in first ten months

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