China's retail sales of goods, services up 2.6 pct in first three quarters

What happened: China's total retail sales of goods and services rose 2.6 percent year on year in the first three quarters of this year, according to official data released Monday. Key numbers: 2.6 percent year on year increase in the first three quarters. Why it matters: The figure is described as a major indicator of the country's consumption strength.

China's total retail sales of goods and services rose 2.6 percent year on year in the first three quarters of this year, according to official data released Monday.

The figure is described as a major indicator of the country's consumption strength.