Recently, China’s retail sales of goods in October exceeded 4 trillion yuan, which aroused the attention of pan-blogger netizens. In this season of chopping, what are the masters consuming? This article will take you through the facts.
China’s retail sales reached 4,057.1 billion yuan in October, up 8.6 percent year on year, according to the latest data from the National Bureau of Statistics. In this shopping spree season, masters have taken out their wallets and paid for their beloved items. So where did the 4 trillion yuan in retail sales go?
- Food, tobacco and alcohol consumption ranked first
In October consumption, food, tobacco and alcohol still accounted for the largest market share. With the Mid-Autumn Festival, National Day and other holidays near, friends and family meetings increase, and the consumption demand for food, tobacco and alcohol is booming. In addition, as consumers face up to healthy eating, high moral food and alcohol have also become the focus of the master.
- Clothing, shoes and hats, daily necessities and educational entertainment are the second largest consumption scale
As the temperature slowly falls, the consumer demand for clothing, shoes and hats slowly rises. In addition, in the general life, the consumption of daily necessities is also not small. In terms of teaching and entertainment, with the spread of online teaching, the demand for relevant products and services is also growing.
- Home appliances market hot
With the hot real estate market in China, the home furnishing and home appliances market has also ushered in the consumer Cen Ling. In the process of home decoration and new house acquisition, consumers have a high demand for home appliances. In addition, with the advancement of science and technology, smart home and home appliances are increasingly favored by consumers.
- The growth of automobile sales will not change
In October, car sales continued to grow unchanged. With the rapid growth of our economy, cars have become a must for many families. In addition, the rise of the new energy vehicle market has also injected new vitality into the automobile consumer market.
- Aggregate retail sales continued to grow
With the endless growth of e-commerce platforms, aggregated retail sales continued to grow in October. Consumers can go through the process of online shopping, and easily purchase all kinds of goods to meet their consumption needs. In addition, all kinds of preferential activities launched by e-commerce platforms have also greatly aroused consumers’ enthusiasm for shopping.
Retail sales of goods in October exceeded 4 trillion yuan, showing the great potential of China’s consumer market. In the flood consumption scale, food, tobacco and alcohol, clothing, shoes and hats, daily necessities, educational entertainment, home appliances and automobile sales have become popular choices for consumers. With the continued growth of China’s economy, consumers’ search for a better life will also move forward inexhaustively, and the consumer market is expected to continue to link with unchanged growth.