Total social retail sales from January to February amounted to RMB 242.73 billion in Beijing

Beijing: Total social retail sales from January to February amounted to RMB 242.73 billion, of which RMB 19.96 billion was revenue from food and beverage

On March 16, the Beijing Municipal Bureau of Statistics disclosed the retail sales of social consumer goods in Beijing from January to February.

The announcement showed that from January to February, the city achieved a total retail sales of social consumer goods of RMB 242.73 billion, an increase of 2.5% year-on-year.

Among them, the online retail sales of wholesale and retail trade, accommodation and catering above the limit was RMB 78.79 billion, up 2.6% year-on-year.

In terms of consumption patterns, merchandise retail sales were RMB 222.77 billion, up 1.3% year-on-year; restaurant revenues were RMB 19.96 billion, up 18.6% year-on-year.

Shanghai: total merchandise sales of RMB16.28 trillion by 2021

On March 15, the Shanghai Municipal Bureau of Statistics released the statistical bulletin on Shanghai's national economic and social development in 2021. According to preliminary calculations, the annual gross regional product (GDP) was RMB 4,321.485 billion, an increase of 8.1% over the previous year and an average growth of 4.8% over two years. In addition, total merchandise sales for the year amounted to RMB16.28 trillion, an increase of 16.5% over the previous year.

Of which, wholesale sales amounted to RMB14.62 trillion, an increase of 16.9%. The total retail sales of consumer goods for the year was RMB 180.725 billion, an increase of 13.5% over the previous year.

Belle Fashion's IPO in Hong Kong

On March 16, Belle Fashion Group submitted its IPO application to the Hong Kong Stock Exchange, with Bank of America Securities and Morgan Stanley as joint sponsors of Belle Fashion's IPO.

Operating revenue for the fiscal year ending February 28, 2021 ("FY20/21") was RMB21.7 billion, representing a growth rate of 8.1%, and net profit was RMB2.6 billion.