Home>>China
Last updated at: (Beijing Time) Saturday, October 19, 2002

China's Retail Sales up in First Nine Months

China's domestic retail sales during the first nine months of this year maintained a fast growthrate, at 2.911 trillion yuan (352.01 billion US dollars), rising 8.7 percent year-on-year, official figures show.


PRINT DISCUSSION CHINESE SEND TO FRIEND


China's domestic retail sales during the first nine months of this year maintained a fast growth rate, at 2.911 trillion yuan (352.01 billion US dollars), rising 8.7 percent year-on-year, official figures show.

The National Bureau of Statistics (NBS) announced Friday that retail sales grew 9.1 percent to 342.2 billion yuan (41.22 billiondollars) in September.

NBS figures show that in the first nine months of the year, retail sales in urban areas surged 9.8 percent year-on-year to 1.849 trillion yuan (222.75 billion dollars), while retail sales in rural areas grew 6.8 percent year-on-year to 1.062 trillion yuan (127.98 billion dollars).

The wholesale and retail industry registered annual growth of 8.8 percent in the same period, with sales totaling 1.99 trillion yuan (239.76 billion dollars). The restaurant and catering industry boomed with sales climbing 16.1 percent year-on-year to over 356 billion yuan (42.89 billion dollars).

Sales in other trades totaled 565.5 billion yuan (68.13 billiondollars), increasing 3.8 percent over the same period last year.

Sales of food, clothing and daily necessities grew by 14.1 percent, 11.1 percent and 17.7 percent respectively. Sales of communication equipment rose by 62.4 percent compared with the same period last year, and those of automobiles and building materials grew by 58 percent and 28.8 percent respectively.

The NBS attributes the fast growth to four factors. The developing economy and guaranteed income for low-income urban dwellers have both increased people's purchasing power, while group purchasing has also become more popular, and sales of communication equipment, automobiles and houses have remained brisk.


Questions?Comments? Click here
    Advanced






China's Economic Growth Benefits World Economy: Goldman Sachs

Economists Say China's Economic Growth to Reach 7.4%



 


Why US Congress Grants Bush War Authority ( 9 Messages)

Jiang Expects In-depth Discussion with US President ( 8 Messages)

China's Automaker Invests in GM-Daewoo Joint Venture ( 10 Messages)

At least 182 Dead in Indonesian Island Blast: President ( 26 Messages)

HKSAR Expected to Have World-class University in Five Years ( 11 Messages)



Copyright by People's Daily Online, all rights reserved