According to the Chinese Commerce Ministry, the country’s domestic consumer market was generally stable in the first half of 2019, and is expected to post steady growth in H2, Xinhua News agency reports.
“Basic living consumption prospered, with retail sales of daily necessities and beverages per unit above quota in H1 increased by 14.1 percent and 9.9 percent, respectively,
Service consumption registered stable development, with the revenue of the country's catering industry rising 9.4 percent year on year. Service consumption accounted for 49.4 percent of consumers final expenditure, up 0.6 percentage points from a year ago, according to the ministry.
In H1 2019, online retail sales reported fast growth, with the online retail sales of physical commodities up 21.6 percent, accounting for 19.6 percent of that of the social consumer goods, the MOC reported.
The country's consumer price saw mild increase, with the consumer price index, a main gauge of inflation, up 2.2 percent year on year in H1.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.