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Shandong realizes 295.352 billion yuan in online retail sales

2018/9/6 16:24:32   source:sdchina.com

Wang Hongping, member of the Party Leadership Group of the Department of Commerce of Shandong Province, briefed on the market operation of Shandong recently. According to him, from January to July, Shandong continuously invigorated circulation, expanded consumption and promoted cost decreasing and benefit increasing, which lead to a continuous improvement of the modernization level of circulation, stable market circulation and strong upgrading momentum of the consumption demand structure.

Wang Hongping said that the province’s total retail sales of consumer goods reached 18413.37 billion yuan with an increase of 9.2 percent, down 0.1 percentage point from the first half year and 1.1 percentage points from the same period last year. From January to July, the online retail sales climbed 39 percent year on year to 295.352 billion yuan, ranking the sixth nationwide.

When introduced the performance and characteristics of the retail sales of consumer goods, he said that there are three obvious characteristics according to data analysis. The first is stable growth of retail sales by units above quota. The retail sales by units above quota reached 584.33 billion yuan, up 7.5 percent which is down 0.4 percentage points from the first half of the year and 1.8 percentage points from the same period last year. Secondly, the countryside performs better than the city. In terms of the location of selling unit, the urban and rural markets developed synchronously from January and July, and the growth rate of rural areas was higher than that of urban areas, but both of them gradually slowed down. From January to July, the growth of urban areas was 7.1%, down 1.6 percentage points from the same period last year. Rural growth was 13.4 percent, down 5.4 percentage points from the same period last year. Thirdly, board and lodging was better than wholesale and retail. Judging from industries, the growth rate of board and lodging above quota was higher than that of the wholesale and retail. From January to July, the increase of wholesale and retail above quota was 7.4%, down 1.8 percentage points from the same period last year while that of board and lodging above quota grew 7.8 percent, down 2.4 percentage points from the same period last year.

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