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.
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.
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.
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.