Consumption demand to help sustain growth in H2

China's consumption market is expected to remain stable and grow in the second half of the year, pushed by the country's stable job market and tax cut measures, as well as the new round of reform and opening-up, the Ministry of Commerce said in an online statement.

As a major driver of the national economy, China saw retail sales of consumer goods jump 8.4 percent year-on-year to 19.5 trillion yuan ($2.83 trillion) in the first half of this year, a positive sign highlighting the country's rising spending power despite a complex global economic situation with increasing external uncertainties.

In addition to witnessing strong online sales between January and June, the ministry found that the growth in goods used for daily lives remained encouraging during the same period, as daily necessities, Western and traditional Chinese medicines, grain and edible oil, and beverage products surged by 14.1 percent, 10.9 percent, 10.4 percent and 9.9 percent year-on-year, respectively.