Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China's consumption to recover from epidemic impacts: official

Xinhua | Updated: 2022-05-20 10:04
Share
Share - WeChat
A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province, on March 6, 2021. [Photo/IC]

BEIJING - China's consumption is expected to sustain its recovery momentum as the impact of COVID-19 is gradually brought under control and supportive policies take effect, said an official with the Ministry of Commerce (MOC) Thursday.

In response to a question on the year-on-year decline in China's retail sales in April, MOC spokesperson Shu Jueting said that it was mainly due to the COVID-19 epidemic.

Shu said the impact of the virus on consumption is "temporary" as the strong resilience, great potential and sound long-term development fundamentals of China's consumption remain unchanged.

Official data showed China's retail sales of consumer goods in April declined 11.1 percent from a year ago to 2.95 trillion yuan ($436.9 billion). In the first four months of this year, its retail sales went down 0.2 percent from a year earlier.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE