App

China's retail sector maintains recovery momentum in August
Updated: August 13, 2023 15:21 Xinhua

BEIJING, Aug. 13 -- An industrial survey has indicated growing confidence among Chinese retailers about business prospects as the country stepped up policy measures to spur growth.

The China Retail Performance Index, a barometer of retailers' expectations for the sector, stood at 50.3 percent in August, edging up 0.2 percentage points from July and staying in the expansion zone for eight consecutive months, according to the China General Chamber of Commerce.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The upward trend of the index since the start of this year serves as evidence proving the resilience of the Chinese economy, the chamber said.

China has rolled out a raft of pro-growth policy measures, which is of great significance in restoring the confidence of businesses and the public, it added.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218