Grouped by consumption patterns, the income of catering industry was 1,668.3 billion yuan, up by 11.2 %; and the retail sales of goods were 13,945.5 billion yuan, up by 10.2 %. In particular, the retail sales of the enterprises above the designated size reached 6,685.7 billion yuan, an increase of 7.6 %. In June, the total retail sales of consumer goods rose by 10.6 % year-on-year (a real growth of 10.3 % after deducting price factors), a growth of 0.92 % month-on-month.
In the first half of 2016, the Chinese economy achieved a “moderate and steady” development with its Gross Domestic Product (GDP) showing a year-on-year increase of 6.7 % at comparable prices, the country's National Bureau of Statistics said on Friday. Preliminary estimation showed at 34,063.7 billion yuan, the year-on-year GDP in the first half of 2016...#
In the first half of the year, online retail sales reached 2,236.7 billion yuan, a year-on-year growth of 28.2%, among which online retail sales of physical goods were 1,814.3 billion yuan, an increase of 26.6 %, accounting for 11.6 % of the total retail sales. (SH)
ALCHEMPro News Desk – India
marketing@alchempro.com
