China's big

sport2024-05-22 11:19:287438
BEIJING, April 19 (Xinhua) -- Chinese consumers' spending on big-ticket items such as cars, home appliances, and furniture expanded while spending on services consumption rose quickly in the first quarter of this year, the Ministry of Commerce (MOC) said on Friday. During the period, new car sales reached 6.72 million units in the country, up 10.6 percent year on year, with sales of new energy vehicles surging 31.8 percent, said Xu Xingfeng, director of the market operation and consumption promotion department of the MOC at a press conference in Beijing. Xu said retail sales of building materials also reversed contractions seen at the end of last year and grew 2.4 percent in the first quarter. "The per capita consumption expenditure on services increased by 12.7 percent year on year, accounting for 43.3 percent of the per capita consumption expenditure," Xu said, adding that the country's catering sector revenues reached 1.34 trillion yuan (188.61 billion U.S. dollars) in the period, up 10.8 percent. The official said that the national online retail sales stood at 3.3 trillion yuan in the first quarter, up 12.4 percent, with online retail sales of physical goods valued at 2.8 trillion yuan, an increase of 11.6 percent. Xu said the ministry has introduced measures this year to boost the trade-in of consumer goods, digital consumption, catering consumption, rural e-commerce, and recycling of renewable resources, adding that the ministry will also carry out more promotional activities to boost consumption of key items such as vehicles, home appliances, and furniture. 

(Editor:Fu Bo)

Address of this article:http://barbados.soorot.com/html-93c199791.html

Popular

Aislyene Horgan

How Miami became a sporting powerhouse: Lionel Messi, David Beckham and Tyreek Hill call it home, A

Nutrition experts add traffic light health labels to famous food paintings

Maternal deaths have fallen to pre

Bella Thorne puts on a leggy display in a dark red off

Trump's strategist push AI to help conservatives, all you need to know

College protests: Columbia University cancels main commencement

Robinhood Markets receives SEC notice for alleged securities violations at crypto unit

LINKS