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Consumer goods to hit US$937 bln
(Xinhua)
Updated: 2006-04-04 10:20
China's total retail sales of consumer goods for this year is expected to
exceed 7.5 trillion yuan (US$937 billion), up 13 percent year-on-year, according
to a report by the Ministry of Commerce.
The report, known as Report on
Development of China's Consumer Goods Market, said the situation of the balance
between demand and supply will improve during the first half of this
year.
Of 600 varieties of major consumer goods, the ratio of goods with
basic balance of market demand and supply will be up by 1.5 percentage points,
according to the report.
The total rural retail sales of consumer goods
for this year is expected to go up by 11.5 percent and the gap between urban and
rural area in this regard will further narrow, according to the
report.
The total sales volume of means of production will grow by about
12 percent year on year this year to 1.55 trillion yuan, the ministry
said.
China's sales volume of production material in 2005 totaled 1.427
trillion yuan, up by 16.2 percent over that of 2004 in comparable
prices.
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