- CNTV English - CCTV News

China's domestic retail sales surge

08-02-2010 10:51 BJT

Watch Video

Play Video

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

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program