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China's retail sales of consumer goods up 1.1 pct in Q1-Q3

China

China

China

China's retail sales of consumer goods up 1.1 pct in Q1-Q3

2026-10-19 17:05 Last Updated At:10-20 11:54

China's total retail sales of consumer goods increased by 1.1 percent year on year in the first three quarters of this year, official data showed Monday.

Retail sales of services climbed 5 percent over the same period, while those of goods grew 1.1 percent, according to data released by the National Bureau of Statistics (NBS).

"In the first three quarters, the total retail sales of consumer goods and services increased by 2.6 percent year on year, with the retail sales of services rising by 5.0 percent. In terms of services consumption, the categories of telecommunication and information services, tourism consulting and leasing services, and cultural, sports and leisure services saw fast growth. In the period, the total retail sales of consumer goods exceeded 37 trillion yuan (about 5.51 trillion U.S. dollars), up 1.1 percent year on year," said Mao Shengyong, NBS deputy head.

China's retail sales of consumer goods up 1.1 pct in Q1-Q3

China's retail sales of consumer goods up 1.1 pct in Q1-Q3

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 8 pips to 6.7200 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.7200 against USD Tuesday

Chinese yuan strengthens to 6.7200 against USD Tuesday

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