Research - NOVEMBER 18, 2020

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China’s consumer spending continues to pick up

by Andrea Zander

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.

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