Core Insights - The China Retail Prosperity Index (CRPI) for September is reported at 50.6%, marking a 0.5 percentage point increase from the previous month, and reaching an 8-month high [1] - The back-to-school season has led to increased consumer demand for goods, contributing to a peak in offline retail sales [1] - The implementation of trade-in subsidy policies has positively impacted the performance indicators of retail businesses [1] Economic Context - The ongoing special actions to boost consumption have been effective, with over 300 billion yuan allocated for long-term special bonds to support the trade-in policy for consumer goods [1] - The trade-in policy has shown a significant effect on sales growth for related products, reinforcing the overall sales performance [1] - Upcoming festivals such as the Mid-Autumn Festival and the "Golden Week" are expected to further enhance consumer enthusiasm [1] Policy Implications - There is an expectation for more robust fiscal and financial policies to effectively unleash domestic demand potential [1] - The combination of various policy measures is anticipated to provide greater benefits to consumers and stronger momentum for the market [1]
中国零售业景气指数创近8个月新高,中秋佳节、“十一”黄金周将至消费热情逐步升温-股票-金融界
Jin Rong Jie·2025-09-08 00:29