City eyes 7% rise in retail sales

Advanced Search

The story appears on

Page A10

February 17, 2017

GET this page in PDF

Free for subscribers

View shopping cart

City eyes 7% rise in retail sales

By Hu Yumo | February 17, 2017, Friday |

Print Edition

SHANGHAI’S merchandise sales are expected to grow 7 percent this year, with retail sales targeted to rise 7 percent and e-commerce to jump 20 percent, the Shanghai Commission of Commerce said yesterday.

“Shanghai will continue to build up consumption capacity to boost the city’s economic growth this year,” said Shang Yuying, chairwoman of the commission.

In 2016, the city’s merchandise trade rose 7.9 percent year on year to 10.07 trillion yuan (US$1.5 trillion), the commission said.

E-commerce transactions grew rapidly by 21.9 percent annually to exceed 2 trillion yuan last year. B2B online transactions added 17.3 percent to 1.45 trillion yuan, and online shopping jumped 35.4 percent to 560 million yuan.

The city’s retail sales grew 8 percent year on year to 1.09 trillion yuan last year.

Consumer

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

City eyes 7% rise in retail sales

Email this to your friend