The total retail sales of consumer goods reached 2,304.2 billion yuan (US$376.4 billion) in China in September 2014, up by 11.6% year-on-year (nominal growth rate. The real growth rate was 10.8%).From January to September, the total retail sales of consumer goods reached 18,915.1 billion yuan, up by 12.0% year-on-year. The online retail sales was 1,823.8 billion yuan, increased 49.9% year-on-year.
In terms of different areas, the retail sales of consumer goods in urban areas was 1,961.4 billion yuan in September, up by 11.4%, year-on-year; while that in rural areas was 342.8 billion yuan, up by 12.5%, year-on-year. From January to September, the retail sales of consumer goods in urban areas was 16,313.2 billion yuan, up by 11.9%, year-on-year; while that in rural areas was 2,601.9 billion yuan, up by 13.0%.
In terms of different consumption patterns, the catering services in September gained 245.5 billion yuan, up by 8.7%, year-on-year. The retail sales of goods gained 2,058.7 billion yuan, up by 11.9%. From January to September, the catering services gained 1,993.4 billion yuan, up by 9.7% year-on-year; the retail sales of goods gained 16,921.7 billion yuan, up by 12.3%.
Related: China Online Food Ordering Market in 2014
According to National Bureau of Statistics of China, the gross domestic product (GDP) of China in the first three quarters of 2014 was RMB 41,990.8 billion (USD 6,858.5 billion), a year-on-year increase of 7.4%.
Also read: China GDP in Q3 2014