East China’s Jiangsu province reported steady recovery in the consumer market in the first three quarters of this year with improving market sales and accelerated the consumption potential.
From January to September, Jiangsu reported a total retail sales of consumer goods of 3163.5-billion-yuan, 3.4 percentage points lower than the first half of the year. In September, the growth reached 6.9%, achieving positive growth for four consecutive months with obvious trend of monthly replenishment.
Due to the continuing impact of the policy of halving the vehicle purchase tax, the retail sales of automotive products increased by 1.1% year on year, 9.9 percentage points faster than the first half of the year with a monthly increase of 26% in September, a positive growth for four consecutive months. The sales of new energy vehicles increased by 1.8 times.
Ji Dong, General manager of an automobile dealer in Jiangsu
In the first half of the year,due to the shortage of batteries and the shortage of chips,the manufacturer suffered some fluctuations in capacity but improved in the third quarter.Since July, we have reported continuing delivery volume with a year-on-year growth of more than 100%.
Wang Daoming, Sales Director of an automobile 4S store in Nanjing
With the accelerated pace of the market,demand is picking up,and the number of orders and vehicles delivered is growing month on month and quarter on quarter by at least 30%.
From January to September, enterprises above designated size in the province achieved retail sales of 230.5 billion yuan through public networks, accounting for 19.5% of the retail sales above designated size, with a year-on-year growth of 20.3%.
Since this year, Jiangsu has carried out actions to help farmers and promote agriculture through the agricultural product production, supply and marketing information platform, and developed organizational forms such as farmers' e-commerce alliance and e-commerce credit alliance. In the first three quarters, the province recorded 88.5 billion yuan of Internet-based sales of agricultural products, up 14.9% year on year.
