China Ministry of Commerce announced on October 17th, 2013, online shopping grew fastest in September with 26.5% YoY increase.
According to Ministry of Commerce’s monitor over 3000 key retail enterprises, in September 2013, food sales had a YoY increase of 11.3% and a MoM increase of 0.6%, communications equipment increased 9.2% compared to last year, and 3.7% more than last month. Clothing had a 8.7% YoY increase and 0.3% monthly increase.
Online shopping had the fastest annually growth rate of 26.5%, department stores grew at a rate of 10.2%, supermarkets increased 9% and exclusive stores grew 8.4% annually.
Although the consumption in 2013 faced slow income increase and abolish of direct consumption stimulation policies, and sluggish high-end consumption, it also had positive factors such as online shopping and holiday consumption. Besides, new consumption hot spots would stimulate the last quarter’s consumption growth.