Retail sales, car sales edge up in November
China’s retail sales in November increased 11.7 percent year on year to 2.35 trillion yuan ($384 billion), slightly up from October’s growth of 11.5 percent, the National Bureau of Statistics (NBS) said.
The country’s retail sales rose 12 percent year on year to 23.66 trillion yuan ($3.87 trillion) in the first 11 months.
Retail sales growth in rural areas outpaced that in urban China. In the January to November period, sales in rural regions rose 12.9 percent from a year ago to 3.24 trillion yuan, while sales in urban areas climbed 11.8 percent to 20.42 trillion yuan.
China’s online retail sales continued to accelerate, soaring 55.9 percent year on year to 385.8 billion yuan in the January-November period, based on the survey results of retail catering enterprises with large revenues.
China’s auto sales continued to slow in November as both passenger and commercial car sales remained subdued. Approximately 2.09 million cars were sold in China last month, a year-on-year rise of 2.3 percent, slowing from the 2.8 percent gain seen a month earlier, the China Association of Automobile Manufacturers (CAAM) said. (Photo 1)