Home / Business / Macro

Retail sales predicted to grow

By Li Jiabao | | Updated: 2013-07-17 17:14

Retail sales in the second half of this year will show a slight improvement on first-half figures, Shen Danyang, spokesman for the Ministry of Commerce, told a news briefing on Wednesday.

Sales started to pick up in March and increased 13.3 percent year-on-year in June, according to the ministry. The first six months saw retail sales rise 12.7 percent year-on-year to 1.1 trillion yuan ($177.4 billion).

The suspension of policies encouraging the purchase of home appliances in rural areas dented consumer activity, Shen said. But he added that more favorable policies will boost consumption.

Most Viewed in 24 Hours
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