China'S Largest Retail Sales Fell For The First Time In 18 Years.

< p > the first decline since the start of the survey in 1996.

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< p > > a href= "http:// www.91se91.com/news/index_c.asp" > National Business Information Center < /a > choose 100 enterprises from department stores and supermarkets (excluding e-commerce and foreign investment) with annual sales of more than 100 million yuan, and investigate the sales situation.

Since adopting the current survey method, it has maintained a two digit growth for the 7 consecutive year.

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< p > the total retail sales of consumer goods (the National Bureau of Statistics), which shows the overall level of China's consumption, has remained strong before June, including sales of e-commerce, automobiles and restaurants.

The survey of 100 large commercial retail enterprises reflects the difficult situation of comprehensive retail enterprises such as a href= "http:// www.91se91.com/news/index_c.asp" > department store < /a >.

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< p > reported that the frugal order and anti-corruption promoted by China's new leaders seem to be leading to a slowdown in the "a href=" http:// www.91se91.com/news/index_c.asp "consumption" /a "and the expansion of e-commerce is also having an impact.

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< p > according to product category, gold, silver and jewellery represented by gifts are greatly reduced by 16.9%.

Some analysts believe that more than 200 thousand civil servants are punished by various degrees because of corruption. Therefore, the demand for gifts in China has shrunk.

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< p > in specialized shops, the parent company of LAOX, the largest household appliance chain store in China, has lost 749 million yuan in pure profit and loss in 1-6 months.

Sales decreased by 7.9%, down to 51 billion 100 million yuan.

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< p > on the other hand, according to the statistics of "Lian Shang network" by the retail portal website, the main retail enterprises (excluding home appliances and electrical appliances) have closed 158 stores in China, far exceeding the number of 35 stores in 2013.

HORIZON GROUP and China Post operated Baiquan supermarket closed 98 stores.

The United States closed 9 WAL-MART, Lotte Mart of Korea closed 5, and foreign capital enterprises were caught in a bitter battle.

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Hosokawa Mihoko, director of Japan's Mizuho Bank (China), said, "in addition to frugality, the slowing down of disposable income growth is also having a negative impact." P

There are industries such as steel, coal and oil industries with excess capacity, and wages are becoming difficult to raise.

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