中文 FRANÇAIS Beijing Review
China
China's Retail Sales Growth Slows in August
China's retail sales of consumer goods grew 10.1 percent year on year in August, 0.3 percentage points slower than that in July, the National Bureau of Statistics (NBS) said Thursday
 

(File photo) 

China's retail sales of consumer goods grew 10.1 percent year on year in August, 0.3 percentage points slower than that in July, the National Bureau of Statistics (NBS) said Thursday.

Total retail sales of consumer goods in the first eight months rose 10.4 percent year on year to hit 23.2 trillion yuan (about 3.5 trillion U.S. dollars), flat with the growth in the first seven months, the NBS said.

Online sales continued to outpace overall retail sales growth, surging 34.3 percent year on year in the first eight months, up from 33.7 percent in the first seven months.

Physical goods sold online expanded 29.2 percent year on year, up from 28.9 percent in the January-July period, accounting for 13.8 percent of total retail sales.

Retail sales in rural areas rose 11.5 percent in August, outpacing the 9.9-percent increase for urban areas.

China is trying to shift its economy toward a growth model driven by consumer spending, innovation and services, while weaning it off over-reliance on exports and investment.

(People's Daily Online, September 14, 2017)
Related Stories:
Economic Watch: Chinese Economy Slower in Expansion, Steady in Reforms
Chinese Premier Underscores Support for Free Trade, Globalization
China Developing Sea Launch System to Boost Space Commerce
Keywords to Understand China
China, Namibia to Join Forces Against Poaching
Media Links: China.org.cn   |   China Today   |   China Pictorial   |   People’s Daily   |   Xinhua   |   China Daily   |   CCTV   |   China Investor   |   AllAfrica
African Union   |   News From Africa   |   FOCAC   |   New African   |   African Business   |   The Africa Report   |   China-Africa Cooperation Net
About Us   |   Contact Us   |   Advertising   |   Subscribe   |    Make ChinAfrica Your Homepage
Copyright ChinAfrica All right reserved 京ICP备08005356号
SHARE
Facebook
Twitter
Weibo