China’s online retail sales growth weakened in the first eight months of this year, official data showed, amid a slowing national economy.
The domestic online retail market recorded sales of 6.4 trillion yuan ($900 billion) from January to August. Sales of physical goods, including products such as clothes and food, were up 20.8% to 5.1 trillion yuan during the period, the data showed.
The lackluster performance comes as China grapples with a slowing economy and trade frictions with the U.S. In August, China’s major economic indicators, including fixed-asset investment and value-added industrial output, posted worse-than-expected performances.
Contact reporter Tang Ziyi (firstname.lastname@example.org)