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China's retail sales up 17.1% in 2011

Jan. 17, 2012 (China Knowledge) - China's retail sales were RMB 18.12 trillion last year, up 17.1% year on year, said the National Bureau of Statistics.

After reducing price changes, the country's retail sales grew 11.6% in the year.

Total retail sales in urban areas rose 17.2% year on year to RMB 15.69 trillion in 2011, while retail sales in rural areas rose 16.7% year on year to RMB 2.43 trillion.
Retail sales in the catering industry grew 16.9% year on year to RMB 2.05 trillion last year, while retail sales of consumer goods rose 17.2% year on year to RMB 16.07 trillion.

Last year, the retail sales of automobiles continued to top the country's retail sales list, reaching RMB 2.08 trillion, up 14.6% year on year, while retail sales of oil and related products came in second, hitting RMB 1.44 trillion, with a 37.4% growth.

In the month of December, the country's retail sales grew 18.1% year on year or 1.41% month on month to RMB 1.77 trillion.

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