China: Strong expansion observed in retail trade in Beijing …


(MENAFN) The Beijing Municipal Bureau of Statistics said the Chinese capital of Beijing has experienced a 19.2% annual expansion of consumer goods retail, a key indicator of consumption expansion, over the course of for the period January-July 2021.

In the first seven months of the year, the capital’s retail sales of consumer goods reached 833.19 billion yuan (about $ 128.56 billion).

In terms of consumption patterns, retail sales of basic commodities reached about $ 118 billion, an increase of 16.4% per year, and restaurant receipts reached about $ 10.37 billion. dollars, an increase of 65.7% per year.

During the same period, retail sales of gold, silver and jewelry products registered about $ 2.57 billion, an annual increase of 56.5%. In the meantime, beverage retail sales topped about $ 2.16 billion, an increase of 53.9% per year, the office noted.

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