Chinas retail sales up 16.2% in Oct

China’s retail sales up 16.2% in Oct

China’s retail sales in October rose 16.2 percent year-on-year to 1.17 trillion yuan ($171 billion), the National Bureau of Statistics (NBS) announced Wednesday.
The rise was 5.8 percentage points lower than that a year earlier, but 0.7 percentage points higher than that in September, NBS spokesman Sheng Laiyun said at a press conference.
The first 10 months saw a 15.3 percent growth of retail sales to 10.14 trillion yuan year-on-year. The rate was 6.7 percentage points down from the same period last year, and 0.2 percentage points up from the first nine months this year, Sheng said.