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China's GDP increases 6.7 % in first half of 2016
18 Jul '16
4 min read
Grouped by consumption patterns, the income of catering industry was 1,668.3 billion yuan, up by 11.2 %; and the retail sales of goods were 13,945.5 billion yuan, up by 10.2 %. In particular, the retail sales of the enterprises above the designated size reached 6,685.7 billion yuan, an increase of 7.6 %. In June, the total retail sales of consumer goods rose by 10.6 % year-on-year (a real growth of 10.3 % after deducting price factors), a growth of 0.92 % month-on-month.
In the first half of the year, online retail sales reached 2,236.7 billion yuan, a year-on-year growth of 28.2%, among which online retail sales of physical goods were 1,814.3 billion yuan, an increase of 26.6 %, accounting for 11.6 % of the total retail sales. (SH)
Fibre2Fashion News Desk – India
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