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  HOME | Business & Economy (Click here for more)

China’s Retail Sees 10.4% Growth in 2017’s First Half

BEIJING – China’s retail sector, one of the major economic indicators of consumption, rose 10.4 percent year-on-year in the first half of 2017, while industrial production increased by 6.9 percent during the same period, China’s National Bureau of Statistics (ONE) reported on Monday.

Retail sales in June increased by 11 percent compared to the same month in 2016, and a month-on-month increase stood at 0.93 percent.

June’s industrial production saw a year-on-year increase of 7.6 percent, or 1.1 points higher than the May figure, while a month-on-month figure saw a 0.81 percent increase.

ONE also unveiled the growth of total investments in fixed assets during the first six months at 8.6 percent compared to the same period of 2016, although it is 0.6 points lower than the first quarter of this year.

The agency also published the figures of real estate investment from January to June, which showed a decelerating trend as it is 0.6 points less than the figure recorded during the first quarter of the year, although it expanded by 8.5 percent year-on-year.

The months of January to May recorded an 8.8 percent rise, signaling a slowdown of the real estate sector that has seen excessive growth particularly in Chinese metropolises.

 

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