CHINA China's retail sales up 5 pct in November

CHINA

China's retail sales up 5 pct in November

Xinhua

10:19, December 15, 2020

BEIJING, Dec. 15 (Xinhua) -- China's retail sales of consumer goods went up 5 percent year on year to 3.95 trillion yuan (about 603.7 billion US dollars) in November, the National Bureau of Statistics said Tuesday.

The growth picked up from the 4.3-percent gain in October, sustaining the upward momentum since the major consumption gauge posted its first positive growth this year in August.

Excluding auto consumption, retail sales went up 4.2 percent year on year last month.

File photo

In the first 11 months, retail sales went down 4.8 percent year on year, with the decline narrowing by 1.1 percentage points from the drop in the January-October period.

Online consumption remained a bright spot, with online retail sales rising 11.5 percent year on year in the January-November period.


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