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China's consumer retailing tops 10 trillion yuan |
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16:54, December 22, 2008 |
The Ministry of Commerce announced on Dec. 22 that the retail sales of consumer goods in China had topped 10 trillion yuan by mid-December 2008.
It also forecasts that the retail sales of consumer goods will reach 10.8 trillion yuan for the whole year of 2008, up by some 21 percent over last year. The increase is faster than the 16.8 percent of rise in 2007.
The upcoming holidays will boost the market despite of negative impact of the international financial crisis on the domestic market, said the Ministry at its website.
The sales by the first 10 days of November had exceeded that of the whole year of 2007 which stands at about 8.9 trillion yuan.
By People's Daily Online
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