China's retail sales up 23 pct in H1
Source: Xinhua | 2021-07-16
China's retail sales of consumer goods jumped 23 percent year on year in the first half (H1) of this year, data from the National Bureau of Statistics showed Thursday.
The two-year average growth stood at 4.4 percent, 0.2 percentage points faster than that in the first quarter.
In the second quarter, retail sales went up 13.9 percent year on year, bringing the average growth for the past two years to 4.6 percent.
Retail sales in June were 12.1 percent higher from a year earlier, or 10 percent higher than June 2019.
The growth reversed from declines seen in H1 2020, when consumer spending was disrupted by the COVID-19 epidemic.
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