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China's Major Economic Indicators in October

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3. Total retail sales of consumer goods maintained fast growth.

In October, the total retail sales of consumer goods reached 1,428.5 billion yuan, a year-on-year rise of 18.6 percent, or 0.2 percentage point lower than that in the previous month of this year. In the first ten months of this year, the total retail sales of consumer goods were 12,531.3 billion yuan, a year-on-year growth of 18.3 percent, which maintained the same level as that in the first nine months of this year.

Analyzed by different areas, the retail sales in urban areas reached 1,239.6 billion yuan in October, up by 18.9 percent, and the retail sales in rural areas stood at 188.9 billion yuan, up by 16.8 percent.

Grouped by consumption patterns, the total income of catering services was 168.1 billion yuan in October, up by 19.4 percent year-on-year, and that of retail goods was 1,260.4 billion yuan, up 18.5 percent. Of this total, the total retail sales of enterprises (units) above designated size stood at 538.2 billion yuan, up 29.6 percent.

4. The growth of consumer prices expanded.

In October, the consumer price index went up by 4.4 percent year-on-year, or 0.8 percentage point higher over that in September this year. The price grew by 4.2 percent in cities and 4.7 percent in rural areas. The food price went up by 10.1 percent while the non-food price increased by 1.6 percent. The prices of consumer goods went up by 5.0 percent and the prices of services grew up by 2.5 percent. Grouped by commodity categories, in October, of the eight categories of commodities, six of them experienced prices rise and two witnessed prices decline. Of which, prices for food went up by 10.1 percent; prices for tobacco, liquor and articles rose by 1.5 percent; price for clothing went down by 1.3 percent; prices for household facilities, articles and maintenance services went up by 0.5 percent; health care and personal articles grew by 3.7 percent; transportation and communication dropped by 0.5 percent; recreation, education, culture articles and services grew by 0.9 percent; and housing went up by 4.9 percent. In the first ten months, the year-on-year change of consumer price was up by 3.0 percent, or expanded by 0.1 percentage point as compared with that in the first nine months of this year.

In October this year, the month-on-month change of consumer price was up by 0.7 percent. Of which, price in cities went up by 0.7 percent and that in rural areas rose by 0.6 percent. The food price went up by 1.1 percent while the non-food price grew by 0.4 percent. The price of consumer goods rose by 0.7 percent, and the price of services went up by 0.4 percent. Grouped by commodity categories, in October, prices for food rose by 1.1 percent month-on-month, of which, that for fresh vegetables went up by 5.3 percent in particular; prices for tobacco, liquor and articles rose by 0.2 percent; price for clothing went up by 1.0 percent; prices for household facilities, articles and maintenance services maintained the same level of growth; health care and personal articles grew by 0.5 percent; transportation and communication showed no change of growth; recreation, education, culture articles and services went up by 0.1 percent; and housing went up by 0.9 percent.

5. The growth rate of producer prices for manufactured goods rose to some extent.

In October, the producer prices for manufactured goods went up by 5.0 percent year-on-year, or 0.7 percentage point higher than that in the previous month this year. The producer prices for means of production went up by 5.8 percent year-on-year in October, of which that for mining and quarrying industry grew by 11.8 percent, raw materials industry went up by 8.5 percent and processing industry increased by 3.8 percent. The producer prices for means of livelihood increased by 2.6 percent, of which, the food prices grew by 5.3 percent, clothing went up by 1.8 percent, articles for daily use grew by 2.2 percent and durable consumer goods dropped by 0.7 percent. In October, the month-on-month change of the producer prices for manufactured good went up by 0.7 percent. In the first ten months of this year, the year-on-year change of the producer prices for manufactured goods was up by 5.5 percent, which maintained the same level as that in the first nine months of this year.

In October, the purchasing prices for raw materials, fuel and power went up by 8.1 percent year-on-year, or 1.0 percentage point higher than that in September 2010. The year-on-year change of prices for nonferrous metals and wire went up by 15.8 percent, fuel and power rose by 8.9 percent, 7.2 percent growth for raw chemical materials and 9.0 percent increase for ferrous metals. In the first ten months, the purchasing prices for raw materials, fuel and power grew by 9.6 percent year-on-year.

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