The reporter learned from the press conference held by the China Federation of Commerce on the 6th that China's retail boom index (crpi) was 50.2% in July, up 0.5 percentage points month on month, returning to the expansion range. "China's retail boom index is a leading indicator that reflects the expected changes in retail business in the month. When crpi is higher than 50%, it reflects that the overall retail industry is expected to expand from the previous month; when crpi is lower than 50%, it reflects that the overall retail industry is expected to shrink from the previous month." Zhang Lijun, vice president of the China Federation of Commerce, said that crpi returned to the expansion range, reflecting that with the implementation of a series of national economic stabilization policies, consumption recovery is expected to further strengthen. Specifically, in terms of industry classification, the commodity business index was 50.5%, up 0.7 percentage points from the previous month; The leasing and operation index was 52.4%, up 2.6 percentage points from the previous month; The e-commerce business index was 47.5%, down 2.0 percentage points from the previous month. "For some time, the retail industry has been seriously affected by the epidemic and other factors. Since this year, the continuous efforts of the policy side have played an important role in improving the operation of the industry and boosting industry confidence." Said yishaohua, a researcher at the Institute of financial strategy of the Chinese Academy of social sciences. The policy has been reduced and strengthened, and market players are also actively seeking changes. "In recent years, digitalization and quality have become new trends in the development of the retail industry. We will actively help more small and medium-sized businesses break through the constraints of capital, technology, market and other aspects, achieve financing development, constantly improve the supply quality, and lead consumption upgrading through shared retail and other platforms." Said zhangchuanshi, public relations director of Gome retail holdings. According to Zhang Lijun, China's retail boom index is based on the statistical summary of the monthly sample survey results of national retail operation managers, and is weighted by three sub indexes of the retail industry: Commodity operation, leasing operation and e-commerce operation, covering 12 key indicators such as sales, profit level, customer unit price and store rental rate. The survey covers more than 3000 sample enterprises across the country and covers more than 20000 retail stores. (Xinhua News Agency)