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Chinese retail sales grow amid signs of wider economic recovery: UK newspaper

2020-9-16 11:31

 

LONDON, Sept. 15 (Xinhua) -- Chinese retail sales grow for the first time this year, and the rise in consumer spending is the latest indicator of wider economic recovery in the Asian country, a major British newspaper reported Tuesday.

"China's retail sales returned to growth for the first time since the coronavirus outbreak, in the latest sign that consumer spending was catching up with the country's wider economic recovery," the Financial Times said.

"The recovery gained momentum after new cases of the virus slowed to a trickle and government infrastructure projects helped to support economic activity," the newspaper noted.

Oxford Economics, a consultancy, suggested that China's economic recovery was "on a reasonably firm footing now and should continue through Q4 (the fourth quarter) and into 2021, with solid investment growth, gradually recovering consumption momentum and resilient exports," it added.

China's retail sales of consumer goods, a major indicator of consumption growth, expanded for the first time this year, the Chinese National Bureau of Statistics said Tuesday.

In August, the total retail sales of consumer goods reached 3.36 trillion yuan (about 492.08 billion U.S. dollars), rising 0.5 percent year on year.

In the first eight months, the total retail sales of consumer goods reached 23.8 trillion yuan (about 3.5 trillion dollars), down 8.6 percent year on year, narrowing by 1.3 percentage points compared with that in the first seven months.

 

伦敦,9月15日(新华社)——英国一家主要报纸周二报道,中国零售额今年首次增长,而消费者支出的增长是这个亚洲国家经济全面复苏的最新指标。


《金融时报》称:“自冠状病毒爆发以来,中国零售额首次恢复增长,这是消费者支出赶上更广泛经济复苏的最新迹象。”


该报指出:“在新病例减少,政府基础设施项目帮助支撑了经济活动之后,复苏势头增强。”


牛津经济咨询公司(Oxford Economics)表示,中国的经济复苏“目前处于相当稳固的基础上,应该会持续到第四季度(第四季度)并持续到2021年,伴随着稳定的投资增长、逐渐恢复的消费势头和有弹性的出口,”该公司补充道。


中国国家统计局周二表示,作为消费增长主要指标的社会消费品零售总额今年首次出现增长。


8月份,社会消费品零售总额达到3.36万亿元(约4920.8亿美元),同比增长0.5%。


今年前8个月,社会消费品零售总额达到23.8万亿元(约合3.5万亿美元),同比下降8.6%,比前7个月下降1.3个百分点。

 

来自: xinhua