Industrials, Technology, Consumer Staples Sep 16, 2021 11:00 AM (GMT+8) · EqualOcean
Cailian, September 16 (Xinhua) - the national development and Reform Commission said at today's press conference that the recent consumption growth has slowed down, mainly due to the impact of the flood and epidemic situation. The aggregation, liquidity and contact consumption of accommodation, catering and cultural tourism in some areas have been impacted. The total retail sales of social consumer goods increased by 2.5% year-on-year in August, down 6.0 percentage points from the previous month. However, at present, these impacts are temporary and local, and are still controllable on the whole. In the later stage, with the effective control of the epidemic and the further development of consumption promotion policies, consumption will continue to maintain a restorative growth.