Business Intelligence on Retailing, Franchising, and Consumerism in China


China's Retail Sales Up 16.2% In October 2009

The National Bureau of Statistics of China has published major economic statistics for October 2009 and stated that China's retail sales increased by 16.2% year-on-year to CNY1.172 trillion.

The growth rate was 5.8 percentage points lower than that of the same period of last year, but was 0.7 percentage point higher than that of September 2009.

By region, China's urban retail sales in October were CNY796.8 billion, a year-on-year increase of 16.6%; while its rural retail sales were CNY375 billion, a year-on-year increase of 15.4%.

By industry, retail sales of wholesale and retail industries were CNY982 billion, a year-on-year increase of 16.8%; retail sales of hotel and catering industries were CNY169.6 billion, a year-on-year increase of 15.1%, and retail sales of other industries were 20.2 billion, a year-on-year increase of 1.8%.

In addition, from January to October 2009, China's total retail sales reached CNY10.139 trillion, a year-on-year increase of 15.3%. The growth rate was 6.7 percentage points lower than that of the same period of last year, but was 0.2 percentage point higher than that of the first nine months of 2009.






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