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China's retail sales of consumer goods up 18.6% in Oct

(chinadaily.com.cn/Xinhua)
Updated: 2010-11-11 10:39
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China's retail sales of consumer goods up 18.6% in Oct

China's retail sales of consumer goods hit 1.43 trillion yuan in October, up 18.6 percent year-on-year, the National Bureau of Statistics (NBS) said Thursday.

Retail sales of consumer goods stood at 1.43 trillion yuan ($215.79 billion) in October and the growth rate was 0.2 percentage points lower than that in September, the NBS spokesman Sheng Laiyun said at a press conference.

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China's retail sales of consumer goods totaled 12.53 trillion yuan in the first ten months of this year, up 18.3 percent year-on-year, the same as the first three quarters.  

The NBS said urban consumption hit 1.24 trillion yuan in October, up 18.9 percent year-on-year.

Rural residents spent 188.9 billion yuan on consumption goods in October, up 16.8 percent year-on-year.

In breakdown, catering sector sales rose 19.4 percent to 168.1 billion yuan in October from a year earlier, while retail sales increased 18.5 percent to 1.26 trillion yuan in October year-on-year.