China consumer spending still strong and accelerating

The increase in China's retail sales volume exceeded 20 percent year on year in the last eight months and is still accelerating, enough to sustain economic growth above 9.5 percent for the . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,jewellery for sale here,we aupply womens accessories,jewellery rings,gold jewellery,women's jewellery.You can wholesalrest of the year, a HSBC report said.According to the report "China Economic Spotlight" . Large quantities of high quality replica watches.wholesale replica rolex watches, have been sold out here to various types of people.released on Tuesday, consumer spending has performed strongly despite the slowing economy, the disastrous earthquake and the cancellation of the May Day golden week.Taking into account the retail . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,women's jewellery.You can wholesale jewellery.price index, the real retail sales growth hit a decade record of 15.4 percent year on year (to about US$100 billion) in July from 14.8 percent in June, substantially higher than the monthly average of 12.4 percent in 2007.
Both urban and rural areas showed strong retail sales growth in real terms over the same period last year, with rural retail up 14 percent to 280 billion yuan and that of urban areas up 17 percent to 600 billion yuan.Strong consumer spending is attributable to the rapidly increasing expenditure on accommodation and catering, up 26.5 percent year on year in July, and the robust growth of wholesale and retail trading, said the report.In terms of commodities, petroleum products, jewellery, cosmetics, garments and automobiles are taking the lead. Petroleum products sales rose 55.2 percent year on year in July from 44.4 percent in the first half, reflecting the still strong demand despite the fuel price rise in June.
However, as a side effect of a less vibrant property market, the growth of building material sales fell further to -3.4 percent in July from the -1.8 percent in Jan-Jun period, a sharp decline from the 41 percent growth in the first half of 2007.The report attributed the vibrant spending to the strong income growth of the past few years and the structural upgrading of spending on consumer goods.