(Photo: chinadaily.com.cn)
Consumer spending grew steadily in May with retail sales of consumer goods up 16.9 percent year-on-year, authorities announced Tuesday.
The reading was 0.2 percentage points lower than April's, according to figures released by the National Bureau of Statistics (NBS).
In May, the country's retail sales totaled 1.47 trillion yuan (226.77 billion U.S. dollars), 1.28 percent higher than in April, said the NBS.
Urban retail sales increased 17 percent year-on-year to 1.28 trillion yuan during the same period, faster than the 16.5 percent rise in rural areas which totaled 192.5 billion yuan, it said.
From January to May this year, the country's retail sales grew 16.6 percent from the same period last year to 7.13 trillion yuan, up 0.1 percentage points from January to April period, according to the NBS.
Source:Xinhua
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