Click here to read the full article. China’s retail sales of consumer goods rose by 4.9 percent in October from a year earlier, the National Bureau of Statistics said Monday, ahead of a Reuters poll predicting 3.5 percent growth.
Total retail sales for the month was 4,045.4 billion renminbi, or $6.34 billion. October sales of apparel and accessories dipped 3.3 percent, while cosmetics grew 7.2 percent percent, gold and jewelry surged 12.6 percent year over year. October retail sales growth rate in rural areas slightly outpaced urban centers with it growing 5.6 percent year on year, whereas the latter grew 4.8 percent.More…
Total retail sales for the month was 4,045.4 billion renminbi, or $6.34 billion. October sales of apparel and accessories dipped 3.3 percent, while cosmetics grew 7.2 percent percent, gold and jewelry surged 12.6 percent year over year. October retail sales growth rate in rural areas slightly outpaced urban centers with it growing 5.6 percent year on year, whereas the latter grew 4.8 percent.More…
