test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time:May 16 2018 3:10PM
China retail sales up 9.4% in April
 
Text size
China's retail sales of consumer goods grew 9.4 percent year-on-year to reach 2.85 trillion yuan ($450 billion) in April, data from the National Bureau of Statistics showed on Tuesday.

The expansion dropped slightly from the 10.1 percent rise seen in March, according to the National Bureau of Statistics.

The data showed sales in rural areas gained 10.6 percent in April, outpacing the 9.2 percent in urban areas.

In breakdown, the catering sector reported a 9.6-percent year-on-year rise in revenue, while sales of other consumer products increased 9.4 percent.

Online spending continued to be robust, with sales surging 32.4 percent to reach 2.58 trillion yuan in the Jan-April period, up 0.4 percentage points than the same period last year.

Consumption has been a key economic driver for China and contributed to 77.8 percent of economic growth in the first quarter, up from 58.8 percent in 2017.

Source: chinadaily.com.cn



Related Articles
China's central bank continues to inject liquidity into market
Chinese banks see net forex purchase in H1
China remains ASEAN's largest trade partner for ninth year
Consumer spending to sustain momentum
IMF forecasts 6.6% growth for China
1st LD-Writethru: China's fixed-asset investment up 6 pct in H1
China's GDP grows 6.8 pct in H1
China FDI volume grows in first half of 2018
Beijing, Shanghai among top 10 cities for future GDP
China's qualified registered trademarks hit 16.8 million
 
Research
Brief analysis of annual reports of some listed companies ...
Nylon and polyester markets in reverse trend
 
 

浙公网安备 33010902000742号