COVID-19's impact on China's consumption "controllable": MOC

Source: Xinhua| 2020-03-26 18:59:36|Editor: huaxia

BEIJING, March 26 (Xinhua) -- The impact of the novel coronavirus outbreak on China's consumption is short-lived and controllable, as the resumption of business has accelerated, the Ministry of Commerce (MOC) said Thursday.

As of Sunday, about 97 percent of large farm produce wholesale markets had opened, while the work resumption rate of large supermarkets reached 96 percent, followed by 94 percent of vegetable markets and 90 percent of shopping malls, a survey by the MOC shows.

The average daily sales of 1,000 retail companies monitored by the MOC went up 5.6 percent in late February from the second 10 days in February, and further up 0.5 percent in the first 10 days in March and 0.8 percent in the second 10 days in March, the MOC said.

Domestic consumption is expected to steadily accelerate along with the further restoration of production and the order of everyday life, the MOC said.