China's retail sales in October rose 16.2percent year on year to 1.17 trillion yuan (171 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Wednesday.
The rise was 5.8 percentage points lower than that a year earlier, but 0.7 percentage points higher than that in September, NBS spokesman Sheng Laiyun said at a press conference.
The first 10 months saw a 15.3-percent growth of retail sales to 10.14 trillion yuan year on year. The rate was 6.7 percentage points down from the same period last year, and 0.2 percentage points up from the first nine months this year, Sheng said.
China's industrial output rose 16.1 percent in October from a year earlier, as the economy saw a consolidated recovery of growth with massive government spending.
The increase rate was 7.9 percentage points higher from a year earlier and 2.2 percentage points higher than September, according to figures released by the National Bureau of Statistics (NBS) Wednesday.
Industrial output of the world's third largest economy increased 9.4 percent year on year over first 10 months this year.
Although the growth rate was 5 percentage points lower than that of a year earlier, it was 0.7 percentage points higher than that of the first nine months, said the NBS.
China's consumer price index (CPI),a main gauge of inflation, dipped 0.5 percent year on year in October, the National Bureau of Statistics (NBS) said Wednesday.
The rate of decline was 0.3 percentage points lower than that in Septemper.
The producer price index (PPI), a major measure of inflation at the wholesale level, dropped 5.8 percent in October from a year earlier, according to the NBS.
The World Travel & Tourism Council (WTTC) announced Monday that China will hold the 2010 Global Travel& Tourism Summit in Beijing.
The summit will take place in Beijing on May 25-27, 2010. "Our members are all delighted that we will be going to Beijing, capital of the world's most dynamic travel and tourism economy and one of the most interesting and exciting new tourism destinations," said Jean-Claude Baumgarten, WTTC president & CEO, while announcing the summit venue. The board was unanimous in its decision to select China.
Read more: Beijing to host 10th global travel, tourism summit
The world's third-largest independent software company, Infor Global Solutions, is planning to expand its presence in China which is expected to surpass the United States to become the world's largest automobile market this year, China Daily reported Monday.
Consumer demand for automobiles in China is also pushing up demand for software systems used by carmakers and parts suppliers, the newspaper said, citing Tobin Alexander, Infor's vice president for automotive industry sales in Japan and Asia-Pacific.
Read more: Infor Global Solutions expands in China - The next largest auto market
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