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Jingzhou's four major industries speed up, total consumer goods retail sales reach 67.569 billion yuan
Updated: 2019-09-11 11:48:06

Thefirst half of 2019 saw the steady growth of Jingzhou's consumer goods market,the full speedup of its four major industries: wholesaling, retailing, accommodationand catering, as well as the acceleration in market consumption transformationand upgrading. Jingzhou fulfilled more than half of the target of totalconsumer goods retail sales half way through 2019.

Jingzhouregistered total consumer goods retail sales of 67.569 billion yuan in thefirst half of 2019, up 11.7 percent year on year, 1.1 percent higher than thoseregistered in the same period of 2018, 1.2 percent above the province's averagegrowth rate. The figure hit a new high since 2016, ranking 4th in the provinceand 11th in terms of growth, moving up 3 places from the same period of 2018.

Jingzhou'sfour industries: wholesaling, retailing, accommodation and catering sped up. Inthe first half of 2019, Jingzhou's wholesaling above designated size achievedsales of 20.254 billion yuan, up 19.4 percent year on year; Jingzhou's retailingabove designated size achieved sales of 16.076 billion yuan, up 16.2 percentyear on year; Jingzhou's accommodation above designated size achieved aturnover of 286 million yuan, up 15.0 percent year on year; Jingzhou's cateringabove designated size achieved a turnover of 1.842 billion yuan, up 19.2percent year on year. The sales (turnover) growth rates of enterprises abovedesignated size in the four industries were 4.6 percent, 3.8 percent, 10.0percent and 5.8 percent higher than those registered in the same period of 2018respectively.

Jingzhou'srural consumer market grew rapidly than its urban consumer market. In the firsthalf of 2019, Jingzhou's urban consumer market achieved retail sales of 20.009billion yuan above designated size, up 15.9 percent year on year. Jingzhou's ruralconsumer market achieved retail sales of 791 million yuan above designatedsize, up 33.9 percent year on year, 21.9 percent higher than those registeredin the same period of 2018, 18 percent above the growth rate of Jingzhou urbanconsumer market.

Thetransformation and upgrading of market consumption sped up. In the first halfof 2019, Jingzhou's communication equipment sales were up 23.1 percent, 7percent higher than those registered in the same period of 2018. Smartphonesales were up 36.9 percent; the sales of wearable smart devices such as smartband and smart watch were up 61.5 percent year on year; new energy sales wereup 41.1 percent year on year; the sales of low-energy-consuming home appliancesand audio-visual commodities, intelligent home appliances and audio-visualequipment were up 30.5 percent and 21.6 percent year on year respectively.Commodity upgrading sped up and green consumption was increasingly prominent.

Jingzhou'simport and export were stable. In the first half of 2019, Jingzhou registeredtotal yuan-denominated imports and exports of 5.76 billion yuan, up 2.0 percentyear on year, including total imports of 1.26 billion yuan, up 105.0 percentyear on year and total exports of 4.5 billion yuan, down 10.6 percent year onyear.

Jingzhou'sutilized foreign investment surged. In the first half of 2019, Jingzhouapproved 5 foreign-funded enterprises, with an actually utilized foreign investmentof 35.66 million U.S. dollars, up 74.8 percent year on year, over-fulfillingthe semiannual target.


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