Consumer goods retail sales to reach 8.6 tn yuan in '07

07 Dec '06

1 min read

According to the 'commodity market performance and forecast in 2006' issued by the Ministry of Commerce on December 5, China's total retail sales of consumer goods in 2007 is expected to reach 8.6 trillion yuan, representing an increase of 13 percent over the previous year.

The forecast stated that there are four conditions conducive to the development of China's commodity market in domestic environment in 2007

First, the state will continue to implement sound macroeconomic policies, the national economy will maintain steady and rapid development in a row. Domestic demand will enhance economic development, and will provide a healthy ground for stable development of commodity markets.

Second, input in rural infrastructure significantly increases, market building projects, like 'thousands of rural villages', are accelerating. It enhances rural consumption, promotes rural shopping environment and creates favorable conditions for developing the rural market.

Third, the government has issued a series of policies to regulate income, it will help to raise people's consumption capacity and it is expected to boost consumption.

Fourth, the government, agencies and business enterprises will pay greater attention to building a harmonious business environment.

Fibre2fashion, News Desk - China

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