In the first eight months of this year, sales of smart glasses on major online platforms in China more than doubled. At the same time, sales of heart monitors with electrocardiogram functions increased by 75%, and sales of action cameras increased by nearly 27%. about this Write Bloomberg cited data from the Ministry of Commerce of the People’s Republic of China.
Image source: Bloomberg
From January to August, the service industry retail industry grew by 4.9%, while merchandise sales increased by only 3.9% during the same period. At the same time, tourism and leisure-related services grow fastest in summer. The Ministry of Commerce pointed out that the consumption structure continues to shift toward a more balanced spending on goods and services.
The report also said that in the past eight months, sales of petroleum products fell by 6.1%, which was due to the increase in the use of new energy sources. Rural retail sales grew by 2.3%, 1.3 percentage points faster than that in urban areas. At the same time, county and rural markets provided 39% of the total retail sales of consumer goods. This is an increase of 0.3% from the same period last year.
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