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Economy

China's consumption market to maintain stable growth in Q4, MOC

October 22, 2020


Abstract : China's consumption market is expected to maintain a stable growth in the fourth quarter of the year, a Ministry of Commerce (MOC) official said on Wednesday.

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BEIJING, Oct. 22 (Xinhua) -- China's consumption market is expected to maintain a stable growth in the fourth quarter of the year, a Ministry of Commerce (MOC) official said on Wednesday. 

Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion at the MOC, said in an interview that the fourth quarter is the traditional peak season for consumption. Since October, sales in the consumption market have increased significantly. 

Data from the MOC showed that monitored retail and catering enterprises posted a 4.9-percent year-on-year growth in sales during the National Day holiday.

As China has launched various measures to promote economic recovery in the post, the overall consumption market will continue its steady development in the next few months. (Edited by Deng Lihao, Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: consumption

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