Retailers see faster rise in March sales
CHINESE retailers saw faster sales increase last month, according to an official survey.
Combined sales of 5,000 retail companies across the country grew 5 percent year on year in March, up from 4.2 percent in the first two months and 4.5 percent in the same month a year ago, the Ministry of Commerce said in a report.
Their sales rose 4.5 percent in the first quarter, also up from 4.1 percent a year earlier.
The data suggested the country’s consumer market remained robust as policymakers have been working to push for a consumption-led economy and to reduce reliance on investment and exports.
“The consumer market has steadily picked up its pace,” the ministry said, citing stronger online shopping and more spending in services such as film and tourism.
E-commerce maintained rapid expansion as online platforms tracked by the ministry reported an average 20-percent rise in turnover from January to March. Brick-and-mortar retailers also recovered, with sales of convenience stores and franchise houses up 7.2 percent and 5.9 percent respectively.
Box office sales exceeded 20 billion yuan (US$3.17 billion) in the first three months, up nearly 40 percent year on year, partly driven by the week-long Spring Festival holiday, which saw a record-setting 5.72 billion yuan in tickets. The ministry has predicted a 10-percent growth in consumer goods sales for the first quarter.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.