As of May 2013, Beijing retail sales attained RMB329.5 billion with a year-on-year increase of 9.1%, although the growth rate dropped by 4.0 percentage points. Meanwhile, the CPI slipped by 0.2 percentage point to 3.5% year-on-year. Although the growth rate of retail sales continued to decline, the consumer confidence index increased by 0.8 percentage point to 8.9% compared with last year. Cushman & Wakefield expects that the recovery of Beijing’s economy will be seen in the near future.
Source : Cushman & Wakefield