00:46

China's retail sales up 10.1 pct in November

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STORY: China's retail sales up 10.1 pct in November
SHOOTING TIME: Dec. 15, 2023
DATELINE: Dec. 15, 2023
LENGTH: 00:00:46
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. SOUNDBITE (Chinese): LIU AIHUA, Spokesperson of National Bureau of Statistics
2. File footages of Chinese economy

STORYLINE:

China's retail sales of consumer goods, a major indicator of the country's consumption strength, registered a double-digit year-on-year growth in November, according to the National Bureau of Statistics (NBS) on Friday.

SOUNDBITE (Chinese): LIU AIHUA, Spokesperson of National Bureau of Statistics
"In November, the total retail sales of consumer goods reached 4,250.5 billion yuan (about 597.8 billion U.S. dollars), up by 10.1 percent year on year, 2.5 percentage points higher than that of the previous month. Total retail sales of consumer goods topped 42.79 trillion yuan (about 6.03 trillion U.S. dollars) in the January-November period, up 7.2 percent from one year earlier."

Retail sales in the country's urban regions rose 10 percent year on year last month, while that in rural areas expanded 10.4 percent.

Since the beginning of the year, the economic performance has continued to pick up, and the demand for goods and services has continued to recover.

The NBS forecasted that China's consumption will see further expansion
with the effective implementation of policies to boost domestic demand.

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)

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