China's wholesale and retail industries see steady growth in first half of the year, up 5.9% year-on-year - Chinese media

According to the National Bureau of Statistics, the added value of China's wholesale and retail industries in the first half of this year increased 5.9% year-on-year to 6.8 trillion formers (about 139.3 trillion yen). As a percentage of GDP,
China's wholesale and retail industries have maintained stable growth. In the wholesale industry, the transaction volume of the commodity market, which is being monitored by the Ministry of Commerce, reached 2.8 trillion former (about 57 trillion
Of these, industrial consumer goods increased by 7.3% and agricultural produce increased by 0.1%. In the retail industry, according to data from the National Bureau of Statistics, the retail value of goods increased by 5.1%.
The total amount is 21.8 trillion yen (approximately 446.5 trillion yen). By type of company that exceeds the limit (annual sales of the main business are 5 million yen (approximately 100 million yen) or more), convenience stores account for 7.5%, specialty stores
In the same period, sales of goods at major shopping malls increased by 6.4%, supermarkets by 6.4%, brand shops by 2.4%, and department stores by 1.2%. Urban commerce continued to grow.
In 50 commercial areas nationwide where the survey was conducted, the number of customers increased by 5.2% and sales increased by 3.4%. E-commerce in rural areas is also growing rapidly.
During the same period, online retail sales in rural areas increased by 6.2 percent, while online retail sales of agricultural products increased by 7.0 percent, the data showed.
The replacement policy has unlocked consumption potential, exceeding 66 million people this year.
Consumers replaced 12 types of home appliances and purchased more than 109 million new items. Over 69 million consumers purchased more than 74 million digital products, including mobile phones. Nationwide
82,000 dealers were able to accommodate electric bike replacements, with 9,056,000 new bikes sold.
Retail sales of electrical appliances and recording/video equipment increased 30.7%, while retail sales of communications equipment increased 24.1%.