Consumer Staples Sep 15, 2021 11:04 AM (GMT+8) · EqualOcean
Fu Linghui, spokesman of the National Bureau of statistics, said that structurally, the growth of retail sales of goods related to residents' daily life remained generally stable in August. The consumption of upgraded commodities maintained a rapid growth. In August, the retail sales of sports and entertainment supplies and cultural office supplies increased by 22.7% and 20.4% year-on-year, both faster than the previous month. Meanwhile, online consumption continued to be active. From January to August, the online retail sales of physical goods increased by 15.9% year-on-year. These situations show that the trend of consumption scale expansion, structural upgrading and new kinetic energy growth has not changed.