E-mail lunthesis@163.com Phone 0551-65179860-203

China retail sales up 5.4 pct in August

Pub Date:2022-09-16 14:54 Source:Xinhua

BEIJING, Sept. 16 (Xinhua) -- China's retail sales of consumer goods, a major indicator of the country's consumption strength, went up 5.4 percent year on year in August, data from the National Bureau of Statistics (NBS) showed Friday.

The growth quickened from a 2.7 percent increase registered in July.

NBS spokesperson Fu Linghui attributed the faster growth to improved market demand boosted by pro-consumption measures.

The country's retail sales of consumer goods totaled 3.63 trillion yuan (about 523.2 billion U.S. dollars) in August, according to the NBS.

In the first eight months, retail sales rose 0.5 percent year on year to 28.26 trillion yuan, compared with a 0.2 percent fall in the January-July period.

"This shows that China has great demand potential. With pro-consumption policies, there are conditions and foundations for a gradual recovery in consumption," Fu said.

Online consumption continued to shore up retail sales. In the first eight months, online sales of physical goods climbed 5.8 percent year on year, accounting for 25.6 percent of the country's total retail sales.

With policies to boost demand taking effect, catering revenues swung back to growth in August, rising 8.4 percent year on year, compared with a 1.5 percent decline logged in July.

Editor:Li Ruichuan

Related News
- China's fixed-asset investment up 5.8 pct in first 8 months    2022-09-16 14:54
- High-tech zones lead innovative growth over past decade    2022-09-16 09:17
- China's tax, fee cuts, deferrals inject market vitality    2022-09-16 09:17
- China to further stabilize industrial, supply chains    2022-09-16 09:13
photo  >>
Night economy booms across China during Labor Day holiday
High-speed train travel through picturesque rural area in Jixi, Anhui
Video  >>
When Hui cuisine meets pizza
The 2nd China (Anhui) Science and Technology Innovation Achievement Transformation Fair exhibitions bilingual promotion| Online Exhibition Area
People  >>
Transnational couple revives ancient dwelling in east China
Sixty years on, hero soldier remains a role model in China
Travel  >>
Huangshan listed among China's Top 10 scenic cities
China expects travel spree during May Day holiday
Contact Us
Copyright ©2000-2021 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited. 皖B2-20080023-7