China's retail sales up 8% in 2019
Updated: January 17, 2020 10:44 Xinhua

BEIJING — China's retail sales of consumer goods, a major indicator of consumption growth, rose 8 percent year-on-year in 2019, the National Bureau of Statistics (NBS) said on Jan 17.

Sales of the consumer goods totaled some 41.16 trillion yuan (about $5.99 trillion) last year. In December, the indicator rose 8 percent year-on-year.

Retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban areas.

Online sales continued to report robust expansion, with a year-on-year increase of 16.5 percent to top 10 trillion yuan in 2019, NBS data showed.

Consumption remained the Chinese economy's top growth driver, with its contribution to GDP expansion at 57.8 percent.

The data released on Jan 17 pointed to China's ongoing consumption upgrading, as the country's large retailers of cosmetics, telecom equipment, sports and entertainment products posted faster sales growth than their peers.

NBS director Ning Jizhe expected consumption to further play its fundamental role in powering China's economic growth in 2020 as consumers' willingness to spend picks up with their rising incomes, market reforms and the enhanced supply of quality products and services.

Copyright? www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright? www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218

a片,看黄a大片,欧美a片,日本a片,黄色a片,a片视频,美国a片,国产a片,a片毛片免费看,a片无限看,成人a片,a片大全