reporters learned from a press conference held by China Business Federation on the 6th that in July, the China Retail Industry Prosperity Index (CRPI) was 50.2%, up 0.5 percentage points from the previous month, and returned to the expansion range.
"The China Retail Industry Prosperity Index is a leading indicator that reflects the expected changes in retail industry operations in that month. When the CRPI is higher than 50%, it reflects that the overall expectations of the retail industry have expanded compared with the previous month; when it is lower than 50%, it reflects that the overall expectations of the retail industry have expanded compared with the previous month. "Monthly contraction." Zhang Lijun, vice president of the China Chamber of Commerce, said that the CRPI has returned to the expansion range, reflecting that with the implementation of a series of national economic stabilization policies, consumption recovery expectations have further strengthened.
Zhang Lijun, Vice President of the China Chamber of Commerce, released the China Retail Industry Prosperity Index (photo provided by interviewees)
Looking specifically at industry classification, the commodity business index was 50.5%, an increase of 0.7 percentage points from the previous month; the leasing business index was 50.5%, an increase of 0.7 percentage points from the previous month; 52.4%, an increase of 2.6 percentage points from the previous month; the e-commerce business index was 47.5%, a decrease of 2.0 percentage points from the previous month.
"For some time, the retail industry has been severely affected by factors such as the epidemic. Since the beginning of this year, continued policy efforts have played an important role in improving the industry's operating conditions and boosting industry confidence." Institute of Financial Strategy, Chinese Academy of Social Sciences researcher Yi Shaohua said.
Policies are reducing burdens and intensifying efforts, and market entities are also actively seeking changes. "In recent years, digitalization and quality have become new trends in the development of the retail industry. We will actively use shared retail and other platforms to help more small and medium-sized merchants break through constraints in finance, technology, market and other aspects, achieve integrated development, continuously improve supply quality, and lead Consumption upgrades," said Zhang Chuanshi, public relations director of Gome Retail Holdings.
Zhang Lijun introduced that the China Retail Industry Prosperity Index is a statistical summary of the results of a monthly sample survey of retail operations managers across the country. It is weighted and calculated by three sub-indices of the retail industry: commodity operation, leasing operation and e-commerce operation, covering sales. It covers 12 key indicators such as revenue, profitability, unit price per customer, and store occupancy rate. The survey covers more than 3,000 sample companies across the country, covering more than 20,000 retail stores. (Reporter Wang Yuxiao)
