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China's domestic retail sales surge

08-02-2010 10:51 BJT

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China's domestic retail market is continuing to make gains. The central bank says retail sales of consumer goods were up by nearly 20 percent in the second quarter compared to the same period last year. This suggests the surging PMI in July is a solid improvement.

In Beijing's Wangfujing Department Store, sales of gold, clothing, food, and cosmetics all increased by more than 180 percent in the first six months of the year. Retailers expect that figure will continue to climb in the second half.

Zhou Qing, GM of Beijing Wangfujing Department Store Group said "The sales volume for our store was 860 billion yuan in the first half, up by 30 percent year on year. This is a comparatively big surge in recent years. Sales are picking up after the financial crisis, and are back to the normal. We believe our retail sales will continue to surge, thanks to the macro economic situation."

Editor:Xiong Qu |Source: CNTV.CN

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