Home / Knowledge / News / Apparel/Garments / China's retail sales rise 10.2% in July '16
China's retail sales rise 10.2% in July '16
16
Aug '16
Retail sales of consumer goods in China increased by 10.2 per cent year-on-year to 2.7 trillion yuan ($405 billion) in July 2016, according to the data from the National Bureau of Statistics (NBS).

However, the 10.2 per cent growth rate was lower than the 10.6 per cent growth recorded in June 2016.

In July, retail sales of consumer goods in rural areas grew by 10.7 per cent year-on-year, while the growth was 10.1 per cent in urban areas, the data showed.

From January to July 2016, China's retail sales of consumer goods jumped 10.3 per cent to 18.3 trillion yuan. During the same period, online sales shot up by 27.5 per cent to 2.6 trillion yuan.

Currently, Chinese economy is undergoing transition from an export-driven economy to a consumer society. At this juncture, retail sales are contributing significantly to China's economic growth.

Last year, consumption accounted for 66.4 to China's GDP. (RKS)

Fibre2Fashion News Desk – China

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search