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