Related News
China retail sales up 10.3% in H1
China's retail sales of consumer goods grew 10.3 percent year on year in the first half of this year, staying flat with the 10.3-percent growth in the first quarter, official data showed on Friday.
Total retail sales of consumer goods stood at 15.6 trillion yuan (US$2.2 trillion) in the first half of 2016, according to the National Bureau of Statistics (NBS).
Retail sales in rural areas expanded by 11 percent year on year, outpacing the 10.2 percent rate for sales in urban areas.
In June, retail sales of consumer goods grew 10.6 percent year on year, compared with 10-percent growth for May, NBS data showed.
In the first six months, online sales surged by 28.2 percent year on year to 2.2 trillion yuan.
A confluence of factors, including rising salaries and subdued consumer prices, were behind the strength in the first quarter.
Retail sales have contributed significantly to China's economic growth as the country shifts from an export-driven economy to a consumer society.
In 2015, consumption contributed 66.4 percent to China's GDP, up 15.4 percentage points from 2014.
- 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.