Since this year, Hengyang has comprehensively promoted the normalization of epidemic prevention and control and economic and social development, taking both online and offline measures to stimulate consumption, and the consumption market has continued to pick up. According to the report from the Municipal Bureau of Commerce, from January to September, the value of the total retail sales of consumer goods in Hengyang reached 134.642 billion yuan, up 3.3 percent year-on-year, ranking the second in the province in terms of total sales and growth.

Specifically, the sales of basic living goods continued to grow, with a growth rate of 26.8% from January to September. The sales of key commodities remained hot. Among them, the sales of petroleum and its products above the designated limit increased by 23.3% and the sales of automobiles increased by 9%. In particular, the sales of new energy vehicles increased dramatically. In addition, online retail sales have maintained a trend of rapid growth, and online consumption has a strong momentum. In the first nine months, it was through the public network that the retail sales of goods realized by legal entities above designated size increased by 83.4%.

This year Hengyang has successively issued a series of policies and measures to promote consumption and stabilize economic growth, helping catering and retail enterprises to solve difficulties. The Municipal Bureau of Commerce held events such as Auto Expo, shopping festival of Cloud QuickPass payment, Appliance Promotion Festival, e-commerce live streaming competition, "taste of Hengyang" food season and "Happy Shopping in Yancheng, Better life Every Day" Shopping Festival, revitalizing the city with festival and gather momentum with festival to drive the prosperity of market purchase and sales. Statistics show that more than 70million yuan of consumption vouchers and coupons have been distributed to people to consume in department stores, restaurants, household appliances and household items this year, directly driving consumption of more than 2.5 billion yuan.

At the same time, the Municipal Department of Commerce has continuously strengthened the cultivation of commercial enterprises, established a working mechanism for analyzing the total retail sales of social consumer goods, data sharing for key enterprise cultivation, a working mechanism for forecast and supervision, and a reserve base for enterprise cultivation above the designated size, and issued a new subsidy of 2.08 million yuan for accommodation and catering of wholesale and retail trade. During the period from January to September, there were 58 new accommodation and catering businesses above the designated size, and 31 new enterprises in Hengyang. The number of new enterprises in both categories ranked third in Hunan Province.

Translator: Jing