China's retail sales up 17% in first 11 months
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Xinhua, December 9, 2011
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China's retail sales grew 17 percent year-on-year to reach 16.35 trillion yuan (2.58 trillion U.S. dollars) during the first 11 months of the year, the National Bureau of Statistics (NBS) said Friday.
After deducting inflation, actual growth stood at 11.4 percent, the NBS said in a statement on its website.
In November, the country's retail sales increased 17.3 percent from one year earlier to hit 1.61 trillion yuan. After adjusting for inflation, November's actual growth rate was 12.8 percent.
On a monthly basis, retail sales rose 1.27 percent last month, according to the statement.
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