China’s retail sales up 14.1% in first nine months

17 january 2013

BEIJING — China’s retail sales grew 14.1 percent year-on-year to 14.94 trillion yuan ($2.37 trillion) in the first three quarters of this year, the National Bureau of Statistics said Thursday.

The total retail sales in September hit 1.82 trillion yuan, up 14.2 percent over the same period last year.

Special coverage: China Economy by Numbers – Sept

The growth rate in September was 1.46 percentage points higher than in August, the NBS said.

Urban consumption hit 1.56 trillion yuan in September, up 14.2 percent, while rural residents spent 265.4 billion yuan, up 14.7 percent.

The catering sector reported 207.2 billion yuan of revenues in September, up 13.9 percent year-on-year. While the retail goods trade was valued at 1.62 trillion yuan, up 14.3 percent.