Business Intelligence on Retailing, Franchising, and Consumerism in China

China's Retail Sales Up 22% In October 2008

According to statistics from China's National Bureau of Statistics, the country's total retail sales of consumer goods reached CNY1.008 trillion in October 2008, a year-on-year increase of 22.0%.

Analyzed by region, urban retail sales were CNY683.3 billion, a year-on-year increase of 22.1% while those at the county and sub-county level increased 21.9% to CNY324.9 billion.

Analyzed by industry, wholesale and retail sales were CNY841.1 billion, an increase of 21.9%; hospitality and catering industry retail sales were CNY147.3 billion, up by 25.8%; and retail sales in other industries were CNY19.8 billion, a 3% increase.

Accumulated retail sales from January to October 2008 were about CNY8.797 trillion, an increase of 22% compared with the same period last year.

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