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4/16, 4:02 AM (Source: TeleTrader)
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China's retail sales rise by 34.2% in March

Retail sales of consumer goods for March in China landed above analysts' projections surging by 32.2% compared to the same time last year to reach ¥3,548.4 billion, the country's National Bureau of Statistics (NBS) reported on Friday.

The measure of total receipts of the retailed consumer goods in the first quarter of 2021 advanced by 33.9% on an annual basis to stand at ¥10,522.1 billion.

The data for the three-month period analyzed by different areas showed the retail sales in urban areas reaching ¥9,134.5 billion, up by 34.6% year-on-year, while in rural areas the number increased by 29.4% to ¥1,387.5 billion.

Breaking the News / NL