LINE

Text:AAAPrint
Economy

China retail sales up 10.9 pct in Sept.

1
2015-10-19 10:26Xinhua Editor: Gu Liping

China's retail sales of consumer goods grew 10.9 percent year on year in September, slightly higher than 10.8 percent for August, official data showed Monday.

The figure marks the highest rate of growth since the beginning of this year, according to the National Bureau of Statistics (NBS).

HSBC analyst Qu Hongbin said the pace was better than expected as consumption in some areas was boosted by holiday factors. China's traditional Mid-Autumn Festival fell in late September.

In the first three quarters, total sales rose 10.5 percent from a year earlier to 21.61 trillion yuan (3.4 trillion U.S. dollars).

In the same period, retail sales in rural areas expanded by 11.7 percent, outpacing the rate of 10.3 percent for sales in urban areas.

Online sales surged by 36.2 percent to 2.59 trillion yuan from January to September, totaling about 12 percent in gross retail sales, the NBS said.

Qu forecast that sales of consumer goods will continue to see steady growth and contribute to a mild recovery in economic growth in the next few months.

NBS data showed that China economy grew by 6.9 percent in the third quarter, the slowest pace since the second quarter of 2009.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.