China’s retail sales rose 21% to US$61 billion during the week-long National Day holiday versus the same time period last year, state media reported, citing data from the Ministry of Commerce. More than 18.29 million people traveled throughout the country, a 13.2% year-on-year increase, according to statistics from the National Tourism Administration. Retail sales in July grew 23.3% year-on-year, representing the fastest one-month growth seen in nine years.
For an in-depth look at China’s ongoing retail sales boom, read CER’s October cover story.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved