Chinanews.com, November 16th. According to the website of the Ministry of Commerce, in response to the situation of the Chinese consumer market in October 2020, the head of the Consumer Promotion Department of the Ministry of Commerce pointed out that the consumption growth rate has accelerated, the consumption of catering and other services has accelerated recovery, and online consumption Characteristics such as sustained rapid growth.
Data map: Citizens eat in restaurants in commercial streets.
Photo by China News Agency reporter Hou Yu
The person in charge said that since the beginning of this year, the new crown pneumonia epidemic has brought severe challenges to China's consumer market. The Ministry of Commerce has thoroughly implemented the decisions and arrangements of the Party Central Committee and the State Council, solidly carried out the "six stability" work, and fully implemented the "six guarantees" task. All regions and departments coordinated efforts to prevent and control the epidemic and promote consumption, closely monitored and judged the consumption situation, and introduced a series of policies and measures to stimulate market vitality and promote consumption recovery. Market sentiment has clearly rebounded and residents' consumer confidence has recovered strongly.
In October, driven by the National Day Golden Week and various consumer promotion activities, consumer demand was fully released, and the total amount of social zeros accelerated, demonstrating the huge potential, strong resilience and vigorous vitality of my country's consumer market after being tested by the epidemic.
First, consumption growth has accelerated further.
The total amount of social retail sales in October increased by 4.3% year-on-year, and the growth rate was 1.0 percentage point higher than the previous month. It was the fastest growth rate this year and maintained growth for three consecutive months.
The sales of 8,000 retail enterprises monitored by the Ministry of Commerce increased by 2.2% year-on-year, and the growth rate accelerated by 0.4 percentage points from the previous month.
During the "Eleventh" Golden Week, the sales of key retail and catering companies nationwide were approximately 1.6 trillion yuan, a year-on-year increase of 4.9%.
Second, the consumption of automobiles and other commodities has grown rapidly.
The retail sales of goods in October was 3.4 trillion yuan, a year-on-year increase of 4.8%, and the growth rate was 0.7 percentage points higher than the previous month.
Among the 15 major categories of commodities of units above designated size, the growth rate of 12 categories increased to varying degrees from the previous month.
Among them, the automobile market demand is strong, sales continue to accelerate, with a year-on-year growth of 12%, and the growth rate has exceeded double digits for 4 consecutive months. The sales of new energy vehicles have doubled year-on-year; the sales of cosmetics and cultural office supplies increased by 18.3% and 11.7% respectively. Continued growth for 7 months; sales of clothing, footwear, daily necessities, and communication equipment accelerated their recovery, increasing by 12.2%, 11.7% and 8.1% respectively.
Third, the consumption of catering and other services accelerated the recovery.
Food and beverage revenue in October increased by 0.8% year-on-year, up 3.7% from the previous month, and achieved positive growth for the first time this year.
The service industry markets such as transportation, culture, sports and entertainment are vigorous, and the business activity index is at a relatively high level of over 59%.
The national express delivery business volume reached 8 billion pieces, a year-on-year increase of 38.9%, an increase of more than 30% for 7 consecutive months.
Fourth, online consumption continued to grow rapidly.
From January to October, the national online retail sales were 9.1 trillion yuan, a year-on-year increase of 10.9% and 1.2 percentage points higher than that from January to September.
Among them, the online retail sales of physical goods was 7.6 trillion yuan, a year-on-year increase of 16.0%, and the growth rate was 0.7 percentage points faster than last month, accounting for 24.2% of the total retail sales, an increase of 4.8 percentage points from the same period last year.
Fifth, consumer prices have dropped significantly.
In October, consumer prices rose 0.5% year-on-year, 1.2 percentage points lower than the previous month, and fell to less than "1" for the first time since April 2017.
According to the monitoring of the Ministry of Commerce, the national wholesale pork price in October fell 4.1% year-on-year, a drop of 34.1 percentage points from the previous month, and the first drop in 19 months since February 2019.
According to the person in charge, the current epidemic continues to spread around the world, and the pressure of "foreign defense import and internal defense rebound" is still high, the situation at home and abroad is complex and severe, and the development of the consumer market still faces many constraints.
At the same time, China's economy has achieved recovery growth relatively quickly, and policies such as helping enterprises to relieve difficulties, effective investment, and benefiting the people have been effective. Domestic demand has recovered significantly, laying a solid foundation for faster and high-quality development of the consumer market.
In the next stage, we will thoroughly implement the spirit of the Fifth Plenary Session of the 19th Central Committee, focus on building a new development pattern, adhere to the strategy of expanding domestic demand, coordinate the implementation of epidemic prevention and control and various consumption promotion policies, and continue to improve the modern business circulation system , Organize and implement consumption promotion activities at the end of the year to ensure the stability of market supply, and further consolidate the steady recovery and continuous rebound of the consumer market.