China's Ministry of Commerce sees ”stable growth” in consumer market in October - Chinese media

The Ministry of Commerce explained the state of China's consumer market on the 19th, stating that the long holiday in October has enabled the market to maintain stable growth and continuously unleash consumption potential.
According to data from the National Bureau of Statistics, total retail sales of consumer goods in October rose 2.9% from the same month last year to 4.6291 trillion yen (approximately 102.6 trillion yen).
Consumption of goods increased steadily. Retail sales of goods increased by 2.8% in October.
For businesses with annual sales of 5 million yen or more, sales of communication equipment increased by 23.2%, cultural and office supplies increased by 13.5%, and furniture increased by 9.6%. In addition, demand for luxury goods increased.
Demand for jewelry increased by 37.6%, sports and leisure goods increased by 10.1%, and cosmetics increased by 9.6%. Service consumption also showed a favorable trend. Demand for travel increased during the long holiday period, and tourist information
- Retail sales of rental services, transportation services, and culture, sports and leisure services all maintained growth of more than 10%.
New consumption showed relatively high growth. According to big data from the Ministry of Commerce, wearable
Sales of mobile devices increased by approximately 4%, sales of some first-class energy-saving home appliances increased by more than 10%, and sales of organic foods increased by more than 8%.