Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

China retail sales soar 13% year on year

Data from the National Bureau of Statistics showed China’s retail sales rose 13.1 per cent to 23.44 trillion yuan ($3.84 trillion) in 2013.

Urban and rural consumption grew 12.9 per cent to 20.25 trillion yuan and 14.6 per cent to 3.2 trillion yuan.

The catering sector has recorded a sales growth of nine per cent to 2.54 trillion yuan. And the consumer goods retail sales have reached 20.9 trillion yuan, up 13.6 per cent.

However, in December, retail sales dropped 13.6 per cent.

You have 7 free articles.