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Consumer Market Grows Steadily

China's consumer goods market grew steadily in July. The retail sales of consumer goods reached 180.4 billion yuan (US$21.7 billion) that month, an increase of 9.8 percent compared with the same period last year, the bureau stated in a press release.

The month of July is traditionally busy for sales of home appliances, including air-conditioners.

The heating-up of the commercial housing market since the beginning of the year further fuelled demand.

"Personal computers have become the market's best seller during the summer holidays,'' the bureau said.

Sales of personal computers in Beijing's major shopping centers rose 54 percent in July, compared with last year.

The market of home furnishing products continued to be vigorous, and sales of fresh fruits and drinks had the best season.

The bureau noted that the golden season for tourism, as well as Beijing's winning the bid to host the 2008 Olympic Games, combined to give strong impetus to the consumer market.

(China Daily 08/16/2001)

Consumption in China Surges in First Half of Year
Investment Rises with Consumption Growth
Sectoral Images in the Consumers’ Eyes
Food Nudges Up Consumer Index
Consumer Market Remains Positive
City Children Consume 3.5 Billion Yuan/Month
Retail Sales Shoot up 40% During Holidays
Will China's Economy Rebound?
Consumption System Reform to Stimulate Economy
Educational Spending Grows Fast
Urban Residents Spending More on Clothes
China's Consumer Spending Rebounds
Consumption key to economy
China Faces the Challenge
of An Aging Society
Most Firms Doing Better in Second Quarter
Industrial Profits Rise in First Five Months
Output Growth Rate Slides
Industrial Sector Records More Profits, Fewer Losses
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