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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China retail sales up 22.0 percent in October: govt AFP - 2 hours 39 minutes ago BEIJING (AFP) - - China's retail sales grew by 22.0 percent in October from a year ago to one trillion yuan (146.4 billion dollars), the National Bureau of Statistics said Wednesday. The figures slowed down slightly from 23.2 percent recorded in September but remained strong considering China is increasingly feeling the impact of the global economic crisis. China's economy grew at its slowest pace in five years in the third quarter. In the first 10 months of the year, retail sales expanded by 22.0 percent to 8.8 trillion yuan, the bureau said in a statement, compared with growth of 16.1 percent in the same period last year. Retail sales are the main gauge for consumer spending in the world's fourth-largest economy. The growth in October came as inflation fell to a 17-month low of 4.0 percent, according to data released on Tuesday. The country's fast economic growth has generally relied heavily on fast expansion in exports and investment. Beijing has been working for years to lift private consumption in a bid to balance China's growth pattern, an increasingly top priority as exports are expected to weaken amid the global downturn. The country's exports in October rose 19.2 percent from a year ago to 128.3 billion dollars, compared with 21.5 percent growth in September, according to data from the Customs Administration released on Tuesday. In its latest move aimed at boosting domestic consumer demand, the government unveiled a 586-billion-dollar stimulus package at the weekend that will increase spending on infrastructure and other sectors. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China's central bank sees 520 bln yuan in Q4 loans: reportAFP - 23 minutes ago GM seeks to raise stake in China vehicle JV-paperReuters - 1 hour 20 minutes ago Official: Being upbeat can help Australian economyAP - 1 hour 38 minutes ago Maldives to trim sales pitch to sail financial stormAFP - 2 hours 22 minutes ago Related Articles: Business Cathay says passenger growth falls sharply behind capacity growthAFP - 17 minutes ago Venture funds tap China game designers amid downturnReuters - 23 minutes ago China's central bank sees 520 bln yuan in Q4 loans: reportAFP - 23 minutes ago Gazprom sees oil supply shortage on low investmentReuters - 24 minutes ago FOCUS-Indian printers ready to cash in on slowdown thriftReuters - 29 minutes ago Enlarge Photo China retail sales up 22.0 percent in October: govt Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Britney Spears's son hospitalized: statement US expands record bailout of insurance giant AIG Obama, Bush discuss world of challenges Ancient 4,300-year-old pyramid discovered in Egypt Swiss fear more pressure on bank secrecy after Obama victory View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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