November 11, according to statistics of the National Bureau of Statistics, China's social consumer goods retail sales amounted to 1.1718 trillion yuan in October 2009, an increase of 16.2%, compared with a year earlier, down 5.8%, faster than last month 0.7%. Some experts say China's consumption growth is accelerating and its contribution to GDP is expected to rise. Sino-New Society Hair Liu Junfeng Beijing, November 16 Xinhua News Agency spokesman Yao Jian today in a routine press conference said that consumption of the national economy to pull the role of further enhancement, is expected to continue the next two months consumption is expected to accelerate. October, the total retail sales of consumer goods 1.17 trillion yuan, an increase of 16.2%, the growth rate is 0.7% faster than September. Retail sales of thousands of key companies monitored by the Ministry of Commerce grew 11.8% Year-on-year, up 1.2% from September, the fastest pace since this year. Yao said the consumer market has maintained an accelerated rebound. First, this year "11" Golden Week coincides with the Mid-Autumn Festival, the founding of the 60 anniversary, holiday consumption, tourism consumption led to obvious results. Second, consumer confidence has increased significantly, the three quarter of China's consumer confidence in the second quarter of further promotion, creating a new high in nearly two years. The third is to expand domestic demand a series of policies of the effect of further show, as at the end of October, "home appliances to the countryside" production enterprises 65.87 million shipments, sales 27.88 million pieces, the amount of 50.84 billion yuan. In addition, Yao said that the consumption of the national economy to pull the role of further strengthening, 1-October, China's social consumer goods retail total of 10.14 trillion yuan, an increase of 15.3%, than January-September increased by 0.2%, contribution rate of 51.9%, than last year to increase 6.2%. 11, December is the traditional season of commodity sales, coupled with last year's consumption at low levels, is expected to continue to accelerate the two months of consumption.
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