Bloomberg News

China 2012 Retail Sales May See 13.2% Real Growth, Fan Says

December 25, 2011

Dec. 26 (Bloomberg) -- China’s retail sales may grow by a real 13.2 percent next year, a year-on-year acceleration, Fan Jianping, director of economic forecasting at the State Information Center, said.

Nominal growth in the indicator will likely be 17 percent, Fan said.

“Normalization” of property prices will help boost consumption in other areas, Fan said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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