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 maintain stable growth in July

August 15, 2023


Abstract : China's retail sales of consumer goods, a major indicator of the country's consumption strength, maintained stable growth in July, official data showed Tuesday.

People dine at the Fushansuo Market in Shinan District of Qingdao, east China's Shandong Province, Aug. 7, 2023. (Xinhua/Li Ziheng)

BEIJING, Aug. 15 (Xinhua) -- China's retail sales of consumer goods, a major indicator of the country's consumption strength, maintained stable growth in July, official data showed Tuesday.

The retail sales of consumer goods increased by 2.5 percent year on year last month to nearly 3.68 trillion yuan (about 512.22 billion U.S. dollars), according to the National Bureau of Statistics (NBS). In the January-July period, the figure increased 7.3 percent.

The consumer market continued to recover and service consumption grew rapidly, the NBS said in a statement.

"Domestic demand kept growing," NBS spokesperson Fu Linghui told a press conference Tuesday. "The service consumption, such as summer vacation tourism, picked up markedly, offering significant support for expanding consumption."

In July, the catering sector reported a revenue increase of 15.8 percent from a year earlier. In the first seven months, online retail sales gained 12.5 percent and service sales surged 20.3 percent.

Scan the QR code and push it to your mobile phone

Keyword: NBS retail sales

Reading:

China's pet food sector on fast lane of dev't

Chinese FM's Southeast Asia tour injects fresh vitality into China-ASEAN ties: experts

Concert showcases traditional Chinese music, folk songs in New Zealand

Xinhua Headlines: A look at China's economic resilience amid sluggish global growth

Green economy drives quality progress in Anji county of E.China's Zhejiang province

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