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China Dec Retail Sales Growth Quickens Unexpectedly

Chinese retail sales growth quickened unexpectedly in December, figures from the National Bureau of Statistics showed Tuesday.

Retail sales rose 11.9 percent year-over-year in December following the 11.7 percent rise in November. Economists had expected sales to increase at the stable rate of 11.7 percent.

On a month-over-month basis, retail sales grew 1.01 percent in December after the 0.90 percent climb in November.

In the January to December period, sales advanced 12 percent over the corresponding period of the previous year.

by RTTNews Staff Writer

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