Chinese Retail Sales Soar

18 April 2008

BEIJING: China's increasingly affluent consumers pushed up retail sales by 20.6% during the first quarter of 2008, compared with the same period last year, reports the country's National Bureau of Statistics.

Spokesman Li Xiaochao said both urban and rural consumption gained rapidly, reaching 2,555.5 billion yuan ($365bn; €229bn; £184bn) during the period.

Vehicles, gasoline, furniture and jewellery all saw sales grow by more than 30% year on year.

Data sourced from People's Daily Online and Xinhua (China); additional content by WARC staff