China's retail sales edges up 0.85% in July

Xinhua
China's retail sales of consumer goods, a major indicator of consumption growth, rose 0.85 percent month on month in July, the National Bureau of Statistics said on Friday.
Xinhua
Chinas retail sales edges up 0.85% in July
CFP

People choose flowers in a flower market in Kunming, Yunnan Province, on August 9, 2020. 

China's retail sales of consumer goods, a major indicator of consumption growth, rose 0.85 percent month on month in July, the National Bureau of Statistics said on Friday.

The figure registered a mild rise from 0.83 percent in June, maintaining a six-month streak of expansion after a contraction of 10.91 percent in January.

In July, retail sales of consumer goods reached 3.22 trillion yuan (US$463.99 billion), down 1.1 percent year on year, narrowing by 0.7 percentage points from June.

In the first seven months, China's retail sales of consumer goods went down 9.9 percent year on year to reach 20.45 trillion yuan.


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