China's retail sales up 12.4 pct in Q1

BEIJING, April 15 (Xinhua) -- China's retail sales grew 12.4 percent year on year to 5.5451 trillion yuan (887.22 billion U.S. dollars) in the first quarter of this year, down 2.4 percentage points year on year, the National Bureau of Statistics said on Monday.

The bureau attributed the slower growth to decrease in the catering sector due to the the efforts by the government to curb fiscal spending.

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