Ministry of Commerce: Consumer market sentiment rebounded, and business order was fully restored.

       CCTV News:The relevant person in charge of the Consumption Promotion Department of the Ministry of Commerce said yesterday (September 17) that in August, with the situation of epidemic prevention and control in China continuing to improve, social production and living order generally returned to normal. The vitality of various market players has been continuously enhanced, and measures to promote consumption policies have continued to exert their strength. The consumer goods market has achieved positive growth for the first time this year.

       In August, the growth rate of commodity sales accelerated. The consumption of upgraded goods such as communication equipment, cosmetics, gold and silver jewelry and automobiles increased rapidly; The consumption of basic commodities such as beverages and daily necessities has maintained an increasing trend.

       Service consumption continued to recover. In August, catering revenue was 361.9 billion yuan, down 7.0% year-on-year, and the decline rate was 4 percentage points narrower than that of last month. The market activity of service industries such as accommodation, culture and entertainment has improved, and the business activity index is higher than 57.0%, which is higher than that of last month. The business volume of national express service enterprises reached 7.24 billion pieces, up 36.5% year-on-year.

       Urban and rural consumption has turned positive simultaneously. In August, the total retail sales of urban consumer goods was 2.9 trillion yuan, a year-on-year increase of 0.5%; The retail sales of rural consumer goods reached 429.8 billion yuan, up 0.7% year-on-year.

       Internet consumption is growing at a high speed. From January to August, the national online retail sales reached 7.0 trillion, up 9.5% year-on-year. The relevant person in charge of the Consumption Promotion Department of the Ministry of Commerce said that at present, China’s epidemic prevention and control has achieved significant strategic results, and the consumer market has entered the "Golden September and Silver 10" consumption peak season. With the in-depth organization and implementation of a series of consumption promotion activities and measures, market popularity has steadily rebounded, business order has been fully restored, consumption potential has been continuously replenished and released, and consumption recovery momentum has been further consolidated.