China has slowed the total retail sales of social consumer goods for the first time in

China's economic slowdown in October, and the total retail sales of social consumer goods have contracted for the first time since May.

According to Bloomberg News on Tuesday (November 15), China's economic slowdown in October, the increase in epidemic conditions across the country to damage consumers' confidence and interfere with commercial activities, and the downturn in the real estate market has no signs of alleviating.

The data released by the National Bureau of Statistics of China on the 15th shows that the added value of the industrial increase in October increased by 5%year -on -year, lower than the 6.3%increase in September, and 5.3%lower than the economist who received Bloomberg survey.Estimated median value.

In October, the total retail sales of social consumer goods decreased by 0.5%year -on -year, the first time since May contracted.The estimated median survey of Bloomberg survey increased by 0.7%, and also increased below 2.5%in September.

According to the official website of the National Bureau of Statistics, in general, in October, the national economy has undergone the impact of many expected factors at home and abroad, and continues to maintain a recovery trend.However, the international environment is more complicated and severe, and the foundation of the domestic economic recovery is not firm.In the next stage, adhere to the general tone of stability and progress, scientifically and efficiently coordinate the prevention and control of the epidemic and economic and social development, focus on expanding effective demand, deepen the supply -side structural reform, continuously stabilize employment and stable prices and stabilize expectations, which will greatly stimulate market vitality, consolidateEconomic restoration is to a good foundation and strive to achieve better development results.

The increase in crown disease in October, the official officials strengthen the epidemic prevention control before the 20th National Congress of the Communist Party of China, including the one -week National Day holiday] required some enterprises to stop working and not encourage travel.

The Chinese government has adopted more consistent measures in recent days to reduce the economic costs of zero prevention and clearing policies, and sacrifice financial measures to support the real estate market.In view of the sharp decline in corporate and consumer confidence, these measures are not significantly boosted to economic growth significantly.