Statistics

China's retail sales up 18.4% in 2010

(Xinhua)
Updated: 2011-01-20 10:53

 

BEIJING -- China's retail sales rose 18.4 percent year-on-year to 15.4554 trillion yuan ($2.34 trillion) in 2010, the National Bureau of Statistics (NBS) said at a press conference Thursday.

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Ma Jiantang, chief of NBS, told the press conference that the growth rate of retail sales was 14.8 percent in real terms after deducting the price factor.

China's consumer price index, a main gauge of inflation, went up 3.3 percent for the full-year in 2010 from the previous year, according to NBS.

Urban retail sales of consumer goods topped 13.3689 trillion yuan last year, up 18.8 percent year on year; while retail sales in rural areas rose 16.1 percent to 2.0865 trillion yuan.

The retail sales of comsumer goods in December 2010 grew 19.1 percent year-on-year to 1,533 billion yuan, the NBS said.