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China retail sales up 12 pct in first eleven months

Source:   Time:

BEIJING, Dec. 12 (Xinhua) -- China's retail sales rose 12 percent year on year to 23.66 trillion yuan (3.87 trillion U.S. dollars) in the first 11 months, the National Bureau of Statistics (NBS) said on Friday.

The country's retail sales in November grew 11.7 percent from a year ago to 2.35 trillion yuan, slightly up from 11.5 percent growth recorded in October.

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.

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