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China's retail sales rise 14.8% in Q1

India Infoline News Service/ 12:43 , Apr 13, 2012

China's retail sales in March rose by 15.2% year-on-year.

China's retail sales grew 14.8% year on year to 4.9319 trillion yuan ($783.03 billion) in the first quarter of this year, the National Bureau of Statistics said on Friday.


After adjusting for inflation, the real growth rate came in at 10.9%, the NBS said.


Urban retail sales of consumer goods topped 4.27 trillion yuan in the first three months, up 14.9% year on year, while retail sales in rural areas rose 14.6% to 663.1 billion yuan from a year earlier, the NBS said.


China's retail sales in March rose by 15.2% year-on-year.

 



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