Retail sales of consumer goods increased 18.6% y/y in October.

By bne IntelliNews November 12, 2010
China's retail sales of consumer goods increased 18.6% y/y and reached CNY 1.43trn during October this year. As reported by Xinhua's China Economic Information Service, the National Bureau of Statistics (NBS) spokesman Sheng Laiyun stated that urban consumption was recorded at CNY 1.24trn and rural residents spent CNY 188.9bn in the period. The retail sales increased 18.3% y/y and stood at CNY 12.53trn in the first ten months of this year.

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