China News Service, Beijing, November 15 (Liu Wenwen) The State Council Information Office of China held a press conference on the operation of the national economy in October on the 15th. Fu Linghui, spokesperson for the National Bureau of Statistics of China and Director of the Department of National Economic Comprehensive Statistics, said that from In October, the resilience of China's consumption recovery continued to show. The total retail sales of consumer goods was 4,045.4 billion yuan, an increase of 4.9% year-on-year, and the growth rate was 0.5 percentage points higher than the previous month, and it rebounded for two consecutive months.
Fu Linghui said that the above situation mainly has the following three characteristics:
One is the steady recovery of commodity sales.
As the economy recovers, residents' shopping demand continues to be released.
In October, the retail sales of goods increased by 5.2% year-on-year, an acceleration of 0.7 percentage points from the previous month.
Among the 18 commodity categories of units above designated size, the growth rate of retail sales of 9 commodities has accelerated compared with the previous month.
Second, the internal driving force for consumption is still relatively sufficient.
The market supply capacity is strong, and the basic living consumption of residents is guaranteed.
In October, the retail sales of grain, oil, food, and beverage commodities of units above designated size increased by 9.9% and 8.8% year-on-year respectively, both maintaining rapid growth.
At the same time, the living standards of residents have improved, and the development of upgraded consumption is improving.
In October, the retail sales of communication equipment and cultural office supplies in units above designated size increased by 34.8% and 11.5% respectively year-on-year.
Third, the role of new consumption models in boosting consumption growth is also obvious.
With the rapid development and widespread penetration of information technology, the rapid development of online shopping and online consumption has improved the convenience of consumption and also promoted the expansion of consumption scale.
In the first 10 months of this year, the online retail sales of physical goods increased by 14.6% year-on-year, accounting for 23.7% of the total retail sales of consumer goods.
Fu Linghui said that these conditions show that the resilience of China's consumer market is sufficient, the scale of consumption has expanded, the consumption structure has been upgraded, and the development trend of consumption model innovation has not changed.
"With economic recovery, employment expansion, residents' income increase, and the gradual improvement of social security, consumption growth is still well supported." (End)