China's consumption to maintain stable growth: commerce ministry
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

China's consumption market will continue to expand and upgrade as the economy stabilizes, the Ministry of Commerce (MOC) said Wednesday.

China's retail sales of consumer goods grew 8.8 percent year on year in July, narrowing from the 9-percent rise seen in June, data from the National Bureau of Statistics showed.

The data pointed to stable growth momentum, with online sales of physical goods registering rapid growth, the MOC said in an online statement.

In July, growth in sales of petroleum products and consumer goods was faster than the same period last year, while declines in growth of auto sales narrowed compared with June, the statement said.

As the economy maintains stable growth with improved structure and higher quality, the consumption market will keep its growth momentum in the future, it said.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan