www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 国产一毛片 | 亚州免费一级毛片 | 黄色毛片在线 | 成人a毛片 | 久久成人毛片 | 中文字幕日本不卡 | 欧美一级毛片不卡免费观看 | 欧美一区二区三区gg高清影视 | 成年人黄色免费网站 | 久久国内精品自在自线软件 | 免费视频日本 | 美国毛片免费一级 | 国产精品高清在线观看地址 | 欧美一区二区在线观看免费网站 | 久久影院一区二区三区 | 喷潮白浆 | 欧美午夜伦y4480私人影院 | 亚洲性生活视频 | 久久综合九色综合欧洲色 | 亚洲欧美人妖另类激情综合区 | 欧美成人午夜毛片免费影院 | 免费一区二区 | 免费在线观看黄色毛片 | 欧美美女网站 | 国产精品资源手机在线播放 | 久色国产 | 欧美特黄一级 | 青青热久久国产久精品秒播 | 国产精品福利午夜h视频 | 久久99热久久精品91 | 亚洲午夜在线观看 | 国产欧美一区二区三区视频在线观看 | 欧美三级中文字幕 | 精品欧美一区二区三区精品久久 | 国内精品美女写真视频 | 91免费看视频| 日韩高清一级毛片 | 欧美视频在线看 | 97影院在线午夜 | 久久免费久久 | 日韩在线资源 |