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11/16/2020, 3:02 AM (Source: TeleTrader)
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China's retail sales up 4.3% YoY in October

Retail sales in China in October increased by 4.3% on a yearly basis, according to a report by the National Bureau of Statistics on Monday. Sales grew 0.68% compared to September, with a total of 3,857.6 billion yuan.

Catering recorded its first positive growth this year, adding 0.8% year-on-year, while retail sales of goods were up 4.8% compared to October 2019, rising for the fourth month in a row. Online retail sales also grew, reaching 9,127.5 billion yuan, up by 10.9% on a yearly basis.

Breaking the News / DJ