Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's retail sales up 8.4 pct in H1

July 15, 2019


Abstract : China's retail sales of consumer goods rose 8.4 percent year on year in the first half of 2019 to 19.52 trillion yuan (2.85 trillion U.S. dollars), the National Bureau of Statistics (NBS) said Monday.

BEIJING, July 15 (Xinhua) -- China's retail sales of consumer goods rose 8.4 percent year on year in the first half of 2019 to 19.52 trillion yuan (2.85 trillion U.S. dollars), the National Bureau of Statistics (NBS) said Monday.

The pace was 0.1 percentage points faster than the first quarter, the NBS said in a statement.

Online sales surged 17.8 percent year on year to 4.82 trillion yuan in the first half, 2.5 percentage points faster than the first quarter.

Online sales of physical goods grew 21.6 percent to 3.82 trillion yuan in the first half year, accounting for 19.6 percent of the total retail sales, up 1.4 percentage points from the first quarter.

Retail sales in rural areas rose 9.1 percent year on year, outpacing the 8.3 percent expansion of retail sales in urban areas in the first half year.

In terms of consumption types, the revenue of the catering industry rose 9.4 percent in the first six months year on year, while the retail sales of commodities climbed 8.3 percent year on year.

In June, retail sales expanded by 9.8 percent year on year to 3.39 trillion yuan, 1.2 percentage points higher than the previous month.

Scan the QR code and push it to your mobile phone

Keyword: retail China economy retail sales

Reading:

China's electric vehicle charging posts exceed 1 mln

China unveils measures to relieve resource shortage in rural industries

China signs Belt and Road cooperation documents with 18 Arabian countries

China's excavator sales increase in June

China's mobile phone shipment down 6.3 pct in June

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial