1/17, 3:01 AM (Source: TeleTrader)
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China's retail sales rise by 1.7% in December

Retail sales of consumer goods for December in China landed below analysts' projections despite rising by 1.7% compared to the same month last year, the country's National Bureau of Statistics (NBS) reported on Monday.

The measure of total receipts of the retailed consumer goods from January through December 2021 advanced by 12.5% on an annual basis to stand at 44,082.3 billion yuan.

Analyzed by different areas, the data for the twelve-month period showed the retail sales in urban areas reached 38,155.8 billion yuan, up by 12.5% year-on-year, while in rural areas, the number increased by 12.1% to 5,926.5 billion yuan.

Baha Breaking News (BBN) / NL