trending Market Intelligence /marketintelligence/en/news-insights/trending/lxsnnWsarUPDEcZG-QJP7A2 content esgSubNav
In This List

China retail sales rise 10.2% YOY in November

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


China retail sales rise 10.2% YOY in November

Retail sales in China grew 10.2% year over year to 3.411 trillion yuan in November, the country's National Bureau of Statistics reported Dec. 14.

In rural areas, November retail sales jumped 11.7% year over year to 470.1 billion yuan, outpacing the 9.9% growth rate recorded in urban areas, which posted retail sales of 2.941 trillion yuan.

Among various categories, sales from restaurants increased 10.0% to 367.5 billion yuan during the month, while sales of consumer goods grew 10.2% to 3.043 trillion yuan.

Combining the first 11 months of 2017, retail sales across the country rose 10.3% year over year to 33.153 trillion yuan.

Meanwhile, online retail sales from January to November jumped 32.4% year over year to 6.431 trillion yuan. Among those, online sales of consumer goods grew 27.6% to 4.914 trillion yuan during that period, accounting for 14.8% of total retail sales in China.

As of Dec. 13, US$1 was equivalent to 6.62 Chinese yuan.