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.