Revealed: Slow down of China’s retail sales growth

August 16, 2021 | By Shruthi Nair

China’s retail economy saw a slump in July as a result of the spread of the Delta variant of Covid-19 and extreme whether.

The country’s retail sales increased by 8.5 percent last month, year-on-year, lower than the 11.5 percent increase expected by analysts, and significantly down from June’s 12.1 percent year-on-year rise, according to data released by the country’s National Bureau of Statistics (NBS).

The cosmetics sector was one of the slowest-growing categories, with sales rising by just 2.8% in July compared to a year ago, versus growth of 13.5% in June.

The NBS report revealed that in the first seven months of this year, the online retail sales reached was up by 21.9 percent year-on-year.

Although China’s economy has rebounded to pre-pandemic levels of growth, it is now slowing down and preforming below expectation levels dampened by inflation and higher costs of doing business, supply chain challenges as well as the pandemic and the natural disasters the country has witnessed recently.



Previous Article Next Article


It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

Download Images RetailME Magazine