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MENAFN - - 13/04/2012

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(MENAFN) China's National Bureau of Statistics (NBS) said that the country's retail sales in the first quarter rose 14.8 percent from a year earlier to USD770.6 billion, reported Xinhua News.

The agency added that in the period, urban retail sales of consumer goods jumped 14.9 percent from 2011's same period to exceed USD675 billion, whereas retail sales in rural areas grew 14.6 percent to USD104.85 billion.

It also said that as a result of constant tightening of governmental property market controls, sales volume of residential houses fell 14.6 percent year-on-year to USD137.128 billion.

It is worth noting that retail sales in March increased 15.2 percent from the same period a year earlier.

 






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