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China's retail sales grows 12% in Jan-Sep to RMB 18.9 trln

Oct 22, 2014 (China Knowledge) China's retail sales were at RMB 18.92 trillion in the first nine months of this year, up 12% year on year, according to the latest statistics from the National Bureau of Statistics.


Total retail sales in urban areas rose 11.9% year on year to RMB 16.31 trillion in the nine-month period, and retail sales in rural areas rose 13% year on year to RMB 2.6 trillion in the period.


Retail sales in the catering industry grew at a faster pace of 9.7% year on year to RMB 1.99 trillion in the period. Retail sales of consumer goods rose 12.3% year on year to RMB 16.92 trillion.


The retail sales of automobiles continued to top the country's retail sales list, reaching RMB 2.37 trillion in the first nine months, up 9.1% year on year, and retail sales of oil and related products came in second, hitting RMB 1.46 trillion, with a 8.1% growth.


In the month of Sep 2014, China’s retail sales rose 11.6% year on year to RMB 2.3 trillion.


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