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Article: CHINA 9-MONTH CONSUMER PRODUCTS RETAIL SALES ROSE 22%

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AsiaInfo Services
Article date:
November 11, 2008
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AsiaInfo Services
11-11-2008
China 9-month Consumer Products Retail Sales Rose 22%

BEIJING, Nov 11, 2008 (SinoCast via COMTEX) -- China's retail sales of consumer products leaped 22% year on year in the first three quarters of 2008, up 6.1 percentage points from January-September 2007.

Deducting price factors, consumer products retail sales rose 14%, the highest since the country's reform and opening-up. Investments in fixed-assets jumped 27% mainly driven by projects under construction.

China's economic growth will still rank top in the world thanks to stable increase in investments and consumption, forecasted the International Monetary Fund.

Impacted by the global financial crisis, China ...

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