News

Advanced Search

China’s Golden Week Posts ‘Robust’ Retail Sales

Oct 10, 2011 6:13 AM   By Avi Krawitz
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... China’s retail sales proved robust over the National Day Golden Week festival that started on October 1, according to a Commerce Ministry statement reported on by Bloomberg News. Spending at shops and restaurants surveyed by the ministry grew 17.5 percent from 2010 to $109 billion (CNY 696.2 billion). 

Growth was in line with that seen in China’s retail sector this year. The most recent data by the National Bureau of Statistics of China shows total retail sales rose 17 percent year on year to $232 billion (CNY 1,470 billion) in August while sales in the first eight months of the year grew 17 percent $1.8 trillion (CNY 11.5 trillion).

Gold, silver and jewelry sales rose 44 percent to $2.36 billion (CNY 15 billion) in August and by 48.7 percent to $19 billion (CNY 120.2 billion).

Tags: Avi Krawitz, Bloomberg, China, Golden Week, retail
Similar Articles
ForevermarkForevermark Optimistic About Market Recovery
May 27, 2020
Sales at Forevermark’s stores in China have recovered strongly since the peak of Covid-19, with customers returning
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.