China's retail sales of consumer goods will grow by more than 13 percent year on year for 2013, the Ministry of Commerce said on Wednesday. Improving economic growth and the country's determination to shift to a domestic demand-driven expansion model has boosted consumers' confidence. Sales growth is likely to increase for the remainder of the year, ministry spokesman Shen Danyang said at a press conference. Online shopping and strong sales of telecommunication equipment also boosted retail sales, Shen said. Shen expected the strong momentum of consumption growth to maintain in the first quarter next year. In the first 11 months of 2013, retail sales grew 13 percent, according to the National Bureau of Statistics. Retail sales in November alone was up 13.7 percent year on year, the highest rate of increase this year.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor