E-COMMERCE | Staff Reporter, China

China's retail sales up 4.3% to $586b in October

Sales of consumer goods in the urban areas rose 4.2% to $509.03b.

China's retail sales of consumer goods grew 4.3% YoY to $586.06b (CNY3.86t) in October, according to data from the National Bureau of Statistics. This is 1 ppt faster than that of the previous month.

Among them, the retail sales of consumer goods, excluding automobiles, climbed 3.6% to $529.72b (CNY3.49t) over the same period.

According to the location of business units, in October the sales of consumer goods in urban areas expanded 4.2% to $509.03b (CNY3.35t), whilst sales of goods in rural areas rose 5.1% to $77.17b (CNY507.8b).

According to consumption types, in October the retail sales of goods grew 4.8% to $519.76b (CNY3.42t), whilst catering revenue edged up 0.8% to $66.44b (CNY437.2b).

From January to October, the national online retail sales rose 10.9% to $1.39t (CNY9.13b), with the online retail sales of physical goods jumping 16% to $1.15t (CNY7.56t).

Among the online retail sales of physical goods, the sales of food, clothing and consumer goods increased by 34.3%, 5.6% and 17.4%, respectively.

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