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Retail sales up 12% in first ten months

Updated: Nov 13,2014 3:40 PM     Xinhua

China’s retail sales climbed 12 percent year-on-year to 21.31 trillion yuan ($3.47 trillion) in the first ten months of the year, the National Bureau of Statistics said on Nov 13.

The country’s retail sales in November grew 11.5 percent from a year ago, with the growth pace falling for five straight months, the data showed.

However, the country’s online retail sales continued to accelerate, soaring 55.6 percent year-on-year to 330.7 billion yuan in the Jan-Nov period, based on survey results of retail catering enterprises with large revenues.