Quarterly retail sales growth slows, online spending hits 1.9 trillion yuan

China | 17 Apr 2018 2:52 pm

China's retail sales of consumer goods grew by 9.8 percent on-year to 9 trillion yuan in the first quarter, compared with the 9.7-percent rise in the first two months, according to the National Bureau of Statistics.

In March alone, retail sales grew by 10.1 percent.

The data showed sales in rural areas gained by 10.7 percent in January-March, outpacing the 9.7 percent in urban areas.

The catering sector reported a 10.3-percent year-on-year rise in revenue, while sales of other consumer products increased by 9.8 percent.

Online spending continued to be robust, with sales surging by 35.4 percent to 1.9 trillion yuan in the first three months, Xinhua reports.

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