China's Retail Sales Accelerate in Nov.


(MENAFN- Qatar News Agency) China's retail sales rose 13.7% year on year in November, accelerating from the 13.3% growth recorded in October, the National Bureau of Statistics (NBS) said Tuesday. Total retail sales in the first eleven months grew 13% year on year to 21.13 trillion yuan about (3.48 trillion US dollars), according to China's (Xinhua). Urban consumption hit 1.82 trillion yuan in November, up 13.6% year on year, while rural residents spent 280.8 billion yuan, up 14.8% from the same period last year. Chinese Commerce Minister Gao Hucheng said Monday that China's retail sales will grow by more than 13% year on year for 2013


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.