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China's retail sales up 0.6% in first 10 months

Economy

China's retail sales of consumer goods went up 0.6 percent year on year in the first 10 months, data from the National Bureau of Statistics showed Tuesday.

XinhuaUpdated:  November 15, 2022
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China's retail sales of consumer goods went up 0.6 percent year on year in the first 10 months, data from the National Bureau of Statistics (NBS) showed Tuesday.

In the first 10 months, China's total retail sales of consumer goods stood at about 36.05 trillion yuan (about 5.11 trillion U.S. dollars), according to the NBS.

Online consumption continued to shore up retail sales. In the first 10 months, online sales of physical goods climbed 7.2 percent year on year, up 1.1 percentage points from that in the January-September period.

Retail sales in the rural area climbed up 0.8 percent year on year during the period, outpacing that of the urban area which registered a 0.5 percent year-on-year increase, NBS data showed.