三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Macro

China's retail sales accelerates in May

(Xinhua) Updated: 2015-06-11 16:39

China's retail sales accelerates in May

BEIJING -- China's retail sales accelerated in May, indicating that pro-consumption policies have begun to take effect.

The National Bureau of Statistics (NBS) said on Thursday that retail sales in May grew 10.1 percent year on year to 2.42 trillion yuan ($396 billion), a shade up from the 10 percent growth recorded in April.

In the first five months, retail sales grew 10.4 percent, unchanged from the rate seen in the first four months.

Growth in rural areas outpaced that in cities. Sales in rural areas rose 11.6 percent in May and at the same rate in the January-May period, in contrast to the 9.9 percent and 10.2 percent growth seen in urban areas.

Sales of food, clothes and other daily necessities in May grew 12.8 percent, 0.1 percentage points higher than April, according to NBS statistician Lin Tao.

Chinese consumers favor online shopping. In the first five months, online sales rose 39.3 percent year on year to reach 1.34 trillion yuan.

The upswing of consumption in May compares to prolonged cooling in investment. China's fixed asset investment rose 11.4 percent from a year earlier to 17.12 trillion yuan in the first five months of the year, slowing from the 12-percent level registered in the Jan.-April period.

Investment in the property sector rose 5.1 percent in the first five months of the year, down from the 6-percent increase seen in the first four months, underscoring the sector's lingering weakness.

China has been at pains to spur domestic consumption while the stuttering economy is threatened by deflationary pressures.

Consumer inflation fell to 1.2 percent in May from 1.5 percent the previous month. The target is to maintain inflation at around 3 percent for the year.

However, economists from the People's Bank of China, the central bank, said on Wednesday that it had shaved the 2015 inflation rate to 1.4 percent from its previous forecast of 2.2 percent.

Falling price levels may be a bonus for consumers in the short term, but factories are likely to postpone investment and the prospect of continued price drops will mean people will hold back on spending.

To encourage domestic spending, China cut import duties on consumer goods by an average of 50 percent, starting from June 1. The duty on cosmetics was reduced to 2 percent from 5 percent.

The State Council, China's cabinet, said on Wednesday that private capital, foreign and domestic banks, as well as Internet companies would be allowed to set up "consumption finance" firms, which can extend small loans to the public.

Alibaba has already launched such a service, which offers loans to buy goods on its online shopping site Taobao. The money is repaid in installments.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 青青草国产三级精品三级 | 国产香港特级一级毛片 | 黄色一级视频免费看 | 婷婷在线网站 | 欧美一级做a爰片久毛片 | 亚洲精品综合一区二区三区在线 | 免看一级一片一在线看 | 丁香婷婷开心激情深爱五月 | 久久久久欧美国产精品 | 免费观看的成年网址 | 久久国产网站 | 中文字字幕码一二三区 | 看黄色的网址 | 网址大全在线免费观看 | 亚洲免费三级 | 日韩毛片免费视频一级特黄 | 国产区在线观看视频 | 久久久鲁 | 亚洲狠狠婷婷综合久久久久网站 | 亚洲videosbestsex日本 | 久久国内精品自在自线软件 | 一级女性黄 色生活片 | 在线观看国产一区亚洲bd | 国产欧美日韩中文字幕 | 久草免费福利资源站在线观看 | 欧美日日操 | 久草在线视频福利资源站 | 色视频在线观看 | 久久精品国产丝袜 | 一级做受毛片免费大片 | 国内a级毛片 | 奇米亚洲春色 | 成年男女男免费视频网站不卡 | 亚洲小视频网站 | 久久er视频 | 国产妞干网 | 一级毛片免费网站 | 国内自拍网站 | 一区二区三区四区亚洲 | 国产精品视频二区不卡 | 91在线播放免费不卡无毒 |