China's consumer market overall appears to be slow in the steady, stable in the rebound trend

Absrtact: Ministry of Commerce spokesman Danyang 17th, in January-September this year, the Ministry of Commerce monitored 3,000 key retail companies, online shopping grew 34.7% year-on-year. NET consumer retail sales are expected to reach 1.3 trillion yuan in the first three quarters, reaching a 2012-year level. Shen Danyang in

Ministry of Commerce spokesman Danyang 17th, in January-September this year, the Ministry of Commerce monitored 3,000 key retail companies, online shopping grew 34.7% year-on-year. NET consumer retail sales are expected to reach 1.3 trillion yuan in the first three quarters, reaching a 2012-year level.

Shen Danyang in the monthly briefing said that this year, the overall consumer market in China has been slow to stabilize, stable in the rebound trend. The main characteristics of the consumer market in the first three quarters are:

-Medium and large circulation enterprises are stable sales. In January-September, sales of 3,000 key retail companies monitored by the Ministry of Commerce grew 8.9% Year-on-year, up 0.7% from the same period last year, flat from the previous 8-month increase, which reached 9.2% in September.

-Residential consumption growth accelerated. With the acceleration of housing construction and the growth of real estate transactions, the growth of residential consumption has obviously accelerated. January-September, the department monitored 3,000 key retail enterprises, home appliances, furniture, building materials sales growth of 10.4%, 6.5%, 5.3%, respectively, compared with the same period accelerated 12, 4 and 1.4%.

--Automotive, communications, and preservation of consumer demand slowdown. Of the 3,000 key retail companies monitored by the Ministry of Commerce, car sales grew 2.1% in 1-9 months, slowing 4.3% from a year earlier, with car sales growing by 6%, 6.2% and 8% respectively in July, August and September, with a slight pick-up in growth; as the price of gold swings downward, September, gold and silver jewellery consumption showed a weakening trend, sales growth slowed to 2.7% in August, to 15.8%.

"Four-quarter consumption is expected to continue to rebound, year-round consumption to maintain a steady growth." "Danyang said.