China Federation of Commerce: China's retail industry is achieving comprehensive recovery

2023-04-07

The China Retail Industry Prosperity Index (CRPI) for April released by the China Federation of Commerce on the 6th showed that the China Retail Industry Prosperity Index for April was 50.8%, a slight increase of 0.2 percentage points compared to the previous month. The China Federation of Commerce pointed out that local governments have increased their policy efforts to promote consumption, and social and economic activities are becoming increasingly active. Retail enterprises continue to consolidate their operations, innovate their ideas, and confidence continues to increase. The retail industry is achieving a comprehensive recovery. From the perspective of industry classification, the commodity management index was 50.9%, a slight increase of 0.3 percentage points compared to the previous month; The leasing and operation index was 51.9%, a slight increase of 0.1 percentage points compared to the previous month; The e-commerce operation index was 50.0%, a slight increase of 0.1 percentage points compared to the previous month. The sub index has all risen, and the retail industry is showing a comprehensive recovery trend. Among them, the index of the total number of online products in e-commerce business was 53.6%, a slight increase of 0.6 percentage points compared to the previous month, indicating a stable willingness of e-commerce operating enterprises to stock up. The customer unit price index of e-commerce business is 50.4%, a slight increase of 1.9 percentage points compared to the previous month, returning to above the boom and bust line, indicating an improvement in the level of online consumer unit price. The reverse index of the total cost of e-commerce business was 48.4%, unchanged from the previous month, indicating that the total cost of e-commerce operating enterprises remained stable. The China Federation of Commerce stated that the retail industry in April 2023 showed the following characteristics: in April, the three sub indices of CRPI increased slightly, with an increase of less than 0.5 percentage points, indicating that in the context of a favorable policy environment, the internal integration of the retail industry has increased, and both online and offline are showing a trend of consolidation and recovery. (New News Agency)

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:chinanews.com

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