China’s consumer spending continues to pick up
China’s consumer spending continued to pick up pace in October.
China’s retail sales of consumer goods climbed 4.3 percent year-on-year to 3.86 trillion yuan (about $584.5 billion) last month, according to the National Bureau of Statistics.
The growth picked up from the 3.3 percent gain in September.
Excluding auto consumption, retail sales went up 3.6 percent year-on-year last month.
Online retail sales rose 10.9 percent year-on-year in the January-October period.